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Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016


Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016

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.

What's included?

This report includes 1 file(s)

  • Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016 PDF - 2.09 MB 10 Pages, 0 Tables, 11 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Top stories of the week
  • Number of the week
  • US oil & gas dashboard

In this report there are 11 tables or charts, including:

  • Top stories of the week
    • Deepwater blocks on offer in Round One
    • Trion Block awarded to BHP for deepwater exploration
    • Mad Dog in BP's deepwater GoM portfolio
    • Breakevens of sanctioned projects in DW GoM through the downturn
    • Bakken oil supply - pipeline takeaway capacity balance
    • Volume of hedges added by quarter
    • Proportion of production hedged by year
  • Number of the week
    • Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016: Image 9
  • US oil & gas dashboard
    • Share price performance, crude oil & gas inventories, horizontal rig count stats
    • Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016: Image 11
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