Insight
Lower 48 green shoots: step-outs and 2021 exploration
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Lower 48 exploration always has a trigger price. Coming out of the 2015 crash, companies needed US$60/bbl to underwrite the associated risk of stepping out from known projects. Today, that trigger price is arguably US$70/bbl. Spot prices are at that level, and the activity data confirms that things are picking up. Some exploration projects that were shelved 18 months ago are being recapitalized. Non-core rig count has been increasing and it will grow even more. In this Insight, we explore five projects that span from exploration to emerging development that have piqued our interest across Oklahoma, Texas and New Mexico. All are oil focused and include a diverse set of operators, public and private alike. EOG, Diamondback, ExxonMobil, and Marathon all have credibility. But some smaller players may be the ones to watch on the cost-management side.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Crescent Energy - Lower 48 Upstream
Upstream valuation for Crescent Energy Gulf Coast, Permian and Rockies assets.
$22,800
Insight
US Lower 48 Gas - corporate benchmarking
Benchmarking US gas producers on strategy, resilience, LNG exposure, and M&A capacity in a tightening market.
$1,350
Insight
Western Haynesville: the return of high impact Lower 48 exploration
This new E&A area consistently yields some of the largest wells in Lower 48. We model the Haynesville extension growing to over 2.5 bcfd.
$1,350
