Insight
Lower 48 cost inflation: takeaways from Q1 2022 earnings calls
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 2 images and tables including:
- Upstream spending vs inflation commentary (company guidance)
- Ovintiv cost inflation detail
What's included
This report contains:
Other reports you may be interested in
03 March 2023
US Independents Q4 2022 earnings recap
Insight
US Independents Q4 2022 earnings recap
Recap of US Independent's fourth-quarter earnings
$1,35007 March 2023
North America Crude Markets short-term outlook: March 2023
Commodity Market Report
North America Crude Markets short-term outlook: March 2023
How does this US spring refinery turnaround season stack up against previous cycles?
$3,50015 March 2023
US upstream in brief: ConocoPhillips’ Willow waits no more
Insight
US upstream in brief: ConocoPhillips’ Willow waits no more
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary Woodmac views.
$1,350
