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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

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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 contains

  • Document

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

    PDF 1.66 MB

Table of contents

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

Tables and charts

This report includes 10 images and tables including:

Images

  • 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
  • Operators plunge into deepwater Gulf of Mexico on both sides of the border: US Upstream week in brief December 07 2016: Image 9
  • 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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