Insight
US Lower 48: 4 things to look for in 2023
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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
Despite a chaotic macro environment in 2022, “stability” was the watchword for US E&Ps. Control what you can control. Remove business volatility wherever possible. As such, reinvestment remained steady, production growth was modest and moderately sized bolt-ons drove M&A activity. As we look to 2023, we discuss the four topics that will hold our attention and the industry themes to look for in the new year.
Table of contents
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Executive summary
- 1. Operators will seek differentiation through growth
- 2. OFS providers will seek their ‘pound of flesh’
- 3. M&A will strike a different tone
- 4. Will companies flare to maintain production?
- What to look for in 2023 – a regional upstream series
Tables and charts
This report includes the following images and tables:
- Quarterly use of 2022 free cash flow
- Lower 48 drilling rig cost structure
What's included
This report contains:
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