Name: Can falling tight oil opex save marginal plays?
Brand: Wood Mackenzie
SKU: 45202
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 10 March 2016

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Focused tight oil operators have recently drawn attention to how field operating costs have fallen by 20-30%. Per unit opex is virtually always lower than capex, so how important is it to mange this expense in a low price world? Our models indicate that further reducing US tight oil opex in a US$30/bbl price environment can help support margins in a few NPV positive plays. But for those assets out of the money, additional opex reductions will not be enough to transform the assets into economic projects.</div>
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<li class="list__item-toggle font-semibold">
        Opex ranges are wide
    </li>

<li class="list__item-toggle font-semibold">
        Opex matters more now than ever
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<li class="list__item-toggle font-semibold">
        Examining the trend
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<li class="list__item-toggle font-semibold">
        A single bright point
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<li class="list__item-toggle font-semibold">
        Additional headwinds
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        <li class="list__item push-quarter--bottom">Lower 48 operating cost distribution</li><li class="list__item push-quarter--bottom">Opex as a percent of total Lower 48 spend</li><li class="list__item push-quarter--bottom">Sampling of company-specific operating cost reductions</li><li class="list__item push-quarter--bottom">Marginal tight oil plays, current and required breakeven opex</li>
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<p class="font-regular" >Can falling tight oil opex save marginal plays?</p>
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