2013 US Lower 48 West Coast year in review Report

Insight 06 February 2014

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

The Monterey Shale remains the headline play across California, but lead operators Occidental and Chevron tempered their Monterey development plans in 2013 in favour of pursuing higher-returning plays elsewhere in the Lower 48. North Dakota crude railed into California increased 90% year-on-year, and although it remains a trickle compared to overall Bakken crude-by-rail volumes, the delivery of the first unit train of Bakken crude in September is a harbinger of greater volumes to come.

Executive Summary
- Monterey remains on the back-burner
  - Remaining West Coast 2P Reserves
- Bakken crude flows west
  - Kinder Morgan cancels the Freedom Pipeline
- Environmental regulations
  - Cap and Trade
  - Cap and Trade Allowances Results
- West Coast M&A Activity
  - Rango Energy completes deal with INNEX and Hangtown Energy
  - LINN acquires Berry Petroleum
  - Freeport-McMoRan Copper and Gold acquires Plains E&P
  - Approximate Concentration of M&A Activity