Insight
Lower 48 cost inflation: takeaways from Q1 2022 earnings calls
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Each Lower 48 E&P messaged cost inflation slightly differently in Q1 2022 earnings. Some operators projected low numbers and shared detailed strategies on controlling overspend. Others provided only high level commentary, but spoke to 20% cost increases. We break down all the data companies presented. And we also add our analysis of which factors helped some E&Ps differentiate by keeping a lid on inflation. Pre-planned procurement impacts how the next few quarters of capex increases could unfold.
Table of contents
- Executive summary
- Cost themes from company calls
- Specific company Q1 2022 cost inflation remarks
- But what about OFS?
- Quantitative benchmarking and our take
Tables and charts
This report includes the following images and tables:
-
Upstream spending vs inflation commentary (company guidance)Ovintiv cost inflation detail
What's included
This report contains:
Other reports you may be interested in
Insight
US upstream in brief: North America YTD deal spend leaps 40%
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Insight
Global oil supply short-term update - November 2025
OPEC+ agree to a pause in unwinding cuts in Q1 2026, due to expected over-supply.
$1,350
Country Report
Permian region overview
Analysis of regional trends including well productivity, investment, and activity forecast
$8,100
