Facebooktwittergoogle_pluslinkedinmail

OEF Rapid Review Articles

Very informative charts help illustrate the extent to which the Permian basin is outstripping its rivals in terms of investor interest and deal flow. Confidence is not only illustrated in merger and acquisitions activity but also in how much companies are currently willing to invest in their own future. Capital expenditure plans are lower and less bullish than a year before, but operators are still displaying a greater level of confidence in being able to fund robust capex spends.
SOURCE: evaluateenergy.com
Evaluate Energy
LINK TO THE SOURCE ARTICLE:
The Permian Outstripping Rival U.S. Oil Producing Regions

 

evaluateenergy_web11

 

LINK TO THE SOURCE ARTICLE:
The Permian Outstripping Rival U.S. Oil Producing Regions

 

 

SHARE YOUR THOUGHT

comments

Related Post

Shale Gas: Exploration Licenses In South Africa’s Karoo Basin 05/15/17 •lweb.es/f2848 •bit.ly/2seSRCU Africa's government may award its first shale gas exploration licenses by the end of September, after environmental objections delayed the process. The five license applications under review are for exploration in the semi-arid Karoo basin. "If the decision is made this year the exploration rights will be valid for a period of three years, exploration activities should commence within three years," indicated the South African Petroleum Agency, PASA. South Africa is seeking to replace its dwindling offshore gas reserves and reduce reliance on coal to fuel power plants.
Hedging by North American producers down for 2016 lweb.es/f783 OEF REVIEW:As oil prices continue to decline, North American exploration and production companies have hedged just 15 percent of their total production volumes for 2016, including 14 percent of oil and 18 percent of natural gas, leaving the companies largely exposed to current depressed market prices, according to new analysis from IHS (NYSE: IHS), the leading global source of critical information and insight.
OPEC Needs Higher Break-Even Oil Prices Than Commonly Estimated 13/07/17 •lweb.es/f2878 •bit.ly/2uKAIh8 On simple accounting terms Saudi Arabia, Iraq and Iran can generate profits with oil prices at $20 to $40 per barrel. U.S. shale by contrast requires about $50 to $55 per barrel. If one looks at the fiscal break-even price, OPEC producers require an estimated $70 per barrel this year, higher than the $40 to $60 required by listed energy companies to fund capital expenditure and dividends. With respect to external break-evens, i.e. the oil prices needed to foot import bills, the spectrum is wide: Libya needs $140 a barrel and Norway needing just $20.
Texas toughness in oil patch shows why U.S. still strong at $30 a barrel lweb.es/f808 OEF REVIEW:A handful of shale patches in the state, which would be the world’s sixth-largest oil producer if it were a country, are profitable with crude below $30 a barrel, according to an analysis by Bloomberg Intelligence. In the Eagle Ford’s DeWitt County, which produced more than 100,000 barrels of oil per day in November, the average well can be profitable with U.S. benchmark crude at $22.52 a barrel, $4 below the lowest level this year. Drive 200 miles southwest to Dimmit County, and drillers need $58 oil. The wide range of break-evens illustrates one reason why shale production from ex...
Iran Sees Shale Output Recovering as OPEC Longs for $80 Oil lweb.es/f549 Iranian oil minister Bijan Namdar Zanganeh has said that most OPEC members would like to see crude prices at $70 to $80 a barrel. He considered that this price would be "fair" and added that Iran would boost output at any cost: "It's our right to return to the level of production we historically had".