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Low crude oil prices not the long-term story or trend

Edward Cross

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 The drastic drop in crude oil prices in 2015 and 2016 have had a significant impact on the small businesses that make up the Kansas oil and natural gas industry. But low crude oil prices are not the long-term story or trend.

Many oil and gas companies in Kansas and elsewhere cut capital expenditures by 75 percent-80 percent in 2015. Some oil and gas service companies have laid off as much as 50 percent or more of their workforce and some producers have laid off as much as 20 percent-25 percent of their workforce. The oil and gas industry makes ...

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