Insight
Lower 48 upstream: 2020 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
It's safe to say 2020 was tight oil’s most turbulent year ever. Amid the chaotic nine months starting last March, the pace of change was so fast that it was entirely too easy to get stuck in each day’s single events. There weren’t lots of opportunities to reflect and learn from events barely in the rearview mirror. We recap last year with five events that defined our team’s 2020. These are the topics and events clients wanted to understand most and needed to analyze fastest. Price volatility, shut-ins, M&A, regulatory changes, and large Permian shakeups. We briefly rehash each topic chronologically and provide links to the analysis we did at the time. But more importantly, we provide an update versus our original work.
Table of contents
- Executive summary
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1. Upended oil markets
- January 2021 update
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2. Majors Permian reset
- January 2021 update
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3. Investors take the wheel
- January 2021 update
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4. M&A trends were like dry ice
- January 2021 update
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5. Light at the end of the long, dark 2020 tunnel
- January 2021 update
Tables and charts
This report includes the following images and tables:
- 2020 deals
- 2020 US horizontal oil rigs and weekly changes
- Lower 48 reset: 2020 production and capex trends
What's included
This report contains:
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