Oil and gas explorers are expected to get a little leaner next year, but for those with good financials, potentially a bit meaner, Wood Mackenzie reports. The consultant group reported the exploration and production side of the energy industry is expected to get smaller next year, but more efficient. Companies that service that side of the energy sector like Schlumberger and Baker Hughes made corporate adjustments during the height of the downturn, but said the market likely hit bottom in the latter half of 2016. Andrew Latham, a vice president of exploration at Wood Mackenzie, said in a report that 2017 may show gains for those in the industry making low-cost, but smarter, portfolio choices. Choices made by the supermajors like Marathon already show signs of a payout . “The rest of the industry is heading in the same direction,” he said. “Fewer, better […]