Da che cosa dipende l'attività

1. 1Its revenue and cash flow depend heavily on market prices for oil, natural gas and natural gas liquids; hedging contracts may not fully offset price changes.
2. 2Its producing properties are concentrated in the Permian Basin of West Texas, and its ability to sell production depends on pipelines and other facilities, some of which it does not control.
3. 3Its operations require water and access to produced-water disposal; restrictions on water supply or disposal can raise costs or disrupt operations.
4. 4It needs substantial ongoing capital, equipment, oilfield services and qualified workers to drill wells and develop reserves.