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US E&P to shift from gas to liquids in 2011

Liquids-rich plays attract attention as the low natural gas price outlook continues

Energy Risk's Oil Market Special Report

North America is currently experiencing a renaissance in oil drilling and as a result exploration & production (E&P) spending is expected to rise in 2011, according to a Barclays Capital research note released yesterday. It forecasts a decline in dry gas drilling, offset by an increase in oil and liquids-rich activity.

In October, Talisman Energy announced a $1.325 billion joint venture with

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