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Last year, costs fell by double-digit percentages for several major spend categories. However, today’s cost environment is considerably different from twelve months ago. Will the deflationary period stick around, or should we expect a change in 2020?
During the webinar, our analysts covered topics such as:
• Which cost categories fell the most last year, and what was the influence on overall well costs?
• E&P budgets will reset in January and, in our view, reverse the rig count freefall. But should we expect costs to turn around as a result?
• What could force service costs higher, and when could we expect the market to change?
• If costs increase, which components are most at risk and what’s the economic impact?