School of Mines report: Stockholder pressure will limit oil & gas production increases

As gasoline prices move well past the $4 per gallon mark in Colorado and around the country, motorists can expect no help for the remainder of this year from increased oil and gas production.

A quarterly report from the Colorado School of Mines Payne Institute concluded that pressure from stockholders to increase returns on investment, coupled with some supply-chain constrictions, will mean that “production growth likely remains modest and employment gains moderate through 2022.” The report was authored by Brad Handler, Payne Institute program manager, based upon financial reports and industry statistics through the first quarter of 2022.

“The top priority for…