Insight
US drilling cost inflation trends
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie's analysis of cost drivers in the US onshore drilling market shows that inflation has moderated in recent months and we see limited potential for strong inflation in this sector over the next few years. Overall, we anticipate US drilling cost inflation to remain below 5% through 2018. The impacts of pad drilling, ample supply from the service sector and moderate growth in commodity prices ease inflation concerns. During the mid-2000's, the US oil and gas industry saw a...
Table of contents
- Executive Summary
- Introduction
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1 Measuring oil and gas drilling cost inflation
- 1.1 CPI vs. PPI
- 1.2 Inflation drivers
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2 Assessing drilling cost inflation in the US
- Labour rates
- Rig count
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3 US drilling cost inflation outlook
- 3.1 'Cost-push' outlook
- 3.2 'Demand-pull' outlook
- 3.3 Drilling inflation forecast
Tables and charts
This report includes the following images and tables:
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Drilling Oil, Gas, Dry or Service Wells PPI vs. Industrial Commodities PPI (100 = January 2000)Drilling Oil, Gas, Dry or Service Wells Producer Price Index (100 = January 2000)Drilling Oil, Gas, Dry or Service Wells PPI and Oil & Gas Labour Rate Index (100 = January 2000)
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Oil prices and drilling activityPPI Drilling Oil, Gas, Dry or Service Wells (100 = 2000)Rig Count by ProductSteel and Nickel Price Outlook (Nominal US$)WTI and Henry Hub Forecasts (Nominal)Rig Count ForecastPPI Drilling Oil, Gas, Dry or Service Wells (100 = 2000)PPI Drilling Oil, Gas, Dry or Service Wells
What's included
This report contains:
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