Insight
Trump puts the Keystone XL and Dakota Access back in play - US upstream week in brief
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
President Trump has signed executive orders pushing for the completion of the Keystone XL and Dakota Access pipelines. There are immediate implications on differentials and costs. Elsewhere, the M&A market shows that last week's big deals were not outliers. Sanchez just announced the acquisition of 110,000 acres in the western Eagle Ford, adding to the company's $2.3 billion purchase of Anadarko's Eagle Ford assets earlier in January. Targa and Plains All American have each announced midstream deals totalling over $2.7 billion that will impact the competitiveness of moving barrels out of the Permian. Lastly, OFS giants Schlumberger and Halliburton openly projected rising costs in North America. Rig count spiked by 35 units last week, marking the largest per-week growth in two years and Halcón announce their arrival in the Permian. Please see our full write-up for details.
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:
- Sanchez, EXCO acreage map
- Halliburton quarterly North American profits vs change in rig count
- Halcón acquisition map
- Trump puts the Keystone XL and Dakota Access back in play - US upstream week in brief: Image 5
- Trump puts the Keystone XL and Dakota Access back in play - US upstream week in brief: Image 6
- Share price performance, crude oil & gas inventories, horizontal rig count stats
- Trump puts the Keystone XL and Dakota Access back in play - US upstream week in brief: Image 8
- Trump puts the Keystone XL and Dakota Access back in play - US upstream week in brief: Image 9
What's included
This report contains:
