Insight
Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Mexico deepwater licensing round closes on a high note, with BHP securing Trion block in partnership with Pemex. In addition, BP sanctions Mad Dog phase II and Mitsui re-enters the region, as Shell sells down its stake in Kaikias. Onshore, Chesapeake finds a PE buyer for its Haynesville position and producers are rushing to lock in $55/bbl oil for 2017 after OPEC announcement last week. We interrogate all these topics in this note. Stories this week include: Mexico's deepwater licensing round closes with great success. Sit. Stay. Sanction! Mad Dog II fetches an FID from BP. Not quite Permania!, but deepwater M&A gains momentum as Shell and Mitsui strike a deal. Private equity tightens its grip on the Haynesville with Indigo Minerals' purchase of Chesapeake acreage. Dakota Access easement denied…a short-lived victory? Surge in hedging activity indicated by flattening curve for oil-price futures.
Table of contents
- Top stories of the week
- Number of the week
- US oil & gas dashboard
Tables and charts
This report includes the following images and tables:
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Deepwater blocks on offer in Round OneTrion Block awarded to BHP for deepwater explorationMad Dog in BP's deepwater GoM portfolio
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Breakevens of sanctioned projects in DW GoM through the downturnBakken oil supply - pipeline takeaway capacity balanceVolume of hedges added by quarterProportion of production hedged by yearOperators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016: Image 9Share price performance, crude oil & gas inventories, horizontal rig count statsOperators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016: Image 11
What's included
This report contains:
