January 2015, Vol. 242, No. 1


Black & Veatch Sees Growth Likely As Drilling Slows Down

Declining crude oil prices will likely lead to reduced production, but consultants at Black & Veatch expect natural gas to meet increasing demands, particularly as new projects begin to come online in the near future. “I suspect the optimism has been dampened a little by the softening of oil prices,” Peter Abt, managing director of Black & Veatch management consulting, told P&GJ. “However, the companies are prudent in modifying their capital budgets, and will the make the necessary adjustments.” Currently this translates primarily into the slowing of some drilling-related activity among independents, particularly those that are heavily leveraged, he said. Companies with stronge

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