The E&P sector has reacted rapidly and decisively to low prices. The portfolios of the sector’s top 50 companies now require US$72/bbl Brent to be cash flow neutral in 2015, down over US$20/bbl from our Mid-2014 dataset. Focused US unconventional players have reacted fastest, with cash flow breakevens falling 33%; International Independents have struggled to materially reduce their price requirements, and still average over US$100/bbl.
Table of contents
The E&P sector has reacted rapidly and decisively to low prices.
Tables and charts
No table or charts specified
This report contains:
Oil prices corporate positioning at US$60 per bbl April 2015.pdf
Wood Mackenzie Oil Prices Corporate positioning at US$60 April 2015.xls