The document discusses the transition of the High Yield (HY) Exploration and Production (E&P) sector towards a 'normal' sector in the context of a stabilized oil market. It highlights the structural changes and financial strategies adopted by E&P companies post the oil price collapse in 2014, including balance sheet repairs and asset portfolio overhauls. The document also reviews the operational performance of E&P companies in 2017, noting efficiency improvements and production targets.
doj/DataSet10/EFTA01385332.pdf
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