SPE has served members through the ebbs and flows of the oil and gas industry since 1957. The exploration and production business is inherently cyclical. Our current E&P industry downturn is a result of our industry’s relentless effort to find new oil and natural gas resources and develop the technology to unlock these resources from challenging reservoirs.
Through every industry cycle, SPE is steady and supportive. I know this to be true because I was a member long before I became the CEO. When the industry experiences a downturn, companies react. That can result in layoffs, budgets tightening, mergers and acquisitions ramping up, and similar responses. All that sounds logical, but when you are the one caught in the cross fire, the obstacles can seem insurmountable.
Guest Editorial: SPE Provides Support During Industry Downturn
Mark Rubin, Chief Executive Officer and Executive Vice President, SPE
01 May 2015