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Report | 3 best practices that will help energy companies save big

Summary

Among all the factors that affect energy company profit and loss, real estate is rarely foremost on the minds of executives. This is understandable; exploration and production companies are less interested in what’s on the surface of the land than what’s under it. The actual cost of an energy company’s operating real estate such as refineries, offices and research centers is literally pennies per barrel of oil. This contrasts with many other industries in which portfolio costs are usually the second or third largest line item in the budget.

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