Oil’s Q4 2016 CapEx Up 72% from Q4 2015: EIA
$4.9 billion increase largest since at least 2012 Capital expenditures for onshore oil companies increased in Q4 2017, the first year-over-year increase in CapEx since 2014. According to the EIA, CapEx in Q4 2016 increased by $4.9 billion, or 72%, compared to the fourth quarter of 2015. This increase was the largest year-over-year increase for onshore oil production companies since