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Gulfport grows in the Utica while Chevron leads the Permian push: US upstream week in brief Dec. 14 2016

14 December 2016

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14 December 2016

Gulfport grows in the Utica while Chevron leads the Permian push: US upstream week in brief Dec. 14 2016

Report summary

Gulfport Energy continues to high-grade its acreage and grow its position in the Lean Gas Core. Meanwhile, Chevron shifts its capital focus from mega projects towards the Permian, while University Lands bets on the price recovery with plans to unlock additional Permian leases in 2017. On OFS side, Patterson-UTI acquires Seventy Seven Energy to position itself for margin recapture. Stories this week include: Bulking up on lean gas: Gulfport extends its lead in the best part of the Utica. Chevron's Permian story continues, despite global 2017 capex cut by 15% Patterson-UTI positions itself for margin recapture with Seventy Seven Energy acquisition School is back in session for University Lands and Permian acreage leasing

Top stories of the week
Number of the week
US oil & gas dashboard

Tables and charts

This report includes 6 images and tables including:

Utica M&A activity focused around dry gas
Permian operators with >10% production growth yoy
University Lands Permian acreage

Gulfport grows in the Utica while Chevron leads the Permian push: US upstream week in brief Dec. 14 2016: Image 4
Share price performance, crude oil & gas inventories, horizontal rig count stats
Gulfport grows in the Utica while Chevron leads the Permian push: US upstream week in brief Dec. 14 2016: Image 6