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7 Pages

2012 US Lower 48 Mid-Continent year in review

2012 US Lower 48 Mid-Continent year in review

Report summary

Despite low gas prices and a mid-year collapse in NGL prices, Mid-Continent production increased by nearly 5% in 2012. With oil prices holding steady over US$80/bbl, operators scrambled to boost oil production, increasingly turning to horizontal drilling and hydraulic fracturing of conventional oil reservoirs throughout the year. The Mississippi Lime play in northern Oklahoma and Kansas continued to attract attention as top tier companies Shell, Apache, Devon and Encana amassed huge acreage,

What's included?

This report includes 2 file(s)

  • 2012 US Lower 48 Mid-Continent year in review PDF - 580.20 KB 7 Pages, 1 Tables, 6 Figures
  • 2012 US Lower 48 MidContinent Year In Review January 2013.xls XLS - 149.00 KB


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  • Executive summary
  • Production rises despite gas prices and drilling slowdown
    • Mississippi Lime: Land grab extends to Kansas and Nebraska
      • Infrastructure requirements cause delays
    • ExxonMobil and Continental chase Woodford oil
  • Falling NGL prices squeeze returns
    • Anadarko Woodford and Granite Wash returns squeezed
  • But low gas and NGL prices don’t hamper deal-making
    • New plays emerge as oil takes centre-stage
      • Hogshooter Wash
      • Canyon Wash
    • Looking ahead to 2013
    • Analysis assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
  • Production rises despite gas prices and drilling slowdown
    • Mid-Continent basins
    • 2012 Production by basin (mmcfed)
    • Mid-Continent: Horizontal drilling pulls back in 2012
    • Top acreage holders in key plays
  • Falling NGL prices squeeze returns
    • IRR response to NGL prices (as a % of WTI)
    • Horizontal drilling rigs fall off in 2012
  • But low gas and NGL prices don’t hamper deal-making
    • Mid-Continent focused M&A transactions in 2012
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