By Randy Nichols, CPL
Originally published in AAPL Landman Magazine March/April 2022 Edition
The US oil and gas industry remains in limbo as oil demand is soft and the world economy struggles to recover from the effects of COVID-19. As a result, capital expenditures for drilling new wells are at an all-time low. On the other hand, the renewable energy industry is experiencing a large influx of capital, primarily for utility-scale solar and battery storage.