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Trump puts the Keystone XL and Dakota Access back in play - US upstream week in brief

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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.

What's included

This report contains

  • Document

    Comstock and Range post strong reserves growth - US upstream week in brief

    PDF 4.19 MB

Table of contents

Tables and charts

This report includes 8 images and tables including:

Images

  • 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

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