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

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 Statoil to acquire 97,000 net acres of liquids-rich properties in the Eagle Ford shale in South Texas

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