CEOs and boards are focusing on the wrong metrics. But if they change their ways, the opportunity could be great. This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. In my over twenty years of being in the investment business, I have seen many companies and industries lose their focus and discipline for a variety of reasons. Today, the exploration and production (E&P) sector fits squarely into that category. The compensation plans laid out by E&P corporate boards encourage these companies to grow production at almost any cost — which builds the personal net worth of the CEOs, but does nothing for the shareholders for whom they are legally fiduciaries. There are actions that boards and CEOs can take to rectify this situation, however. In my view, such changes could present a unique opportunity for the E&P sector to generate […]