Insight

US upstream in brief: Oxy’s ‘Bandit’ secures Gulf of America Miocene discovery

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The US week in brief report highlights the need-to-know events from US upstream. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Coverage includes US onshore and Gulf of Mexico. Sources for the news stories include company press releases, industry events, press coverage, and our own modelling changes. The facts are presented, but more importantly we discuss implications for our modelling.

Table of contents

  • Oxy’s ‘Bandit’ secures Gulf of America Miocene discovery
  • Portfolio meeting notes (from the road)
  • Benchmarking the Majors in US upstream
  • Continental boosts spending 20% as private status enables rapid rig response
  • Expect modest US Lower 48 rig additions as 6-week window overrides US$100 oil
    • Archive:

Tables and charts

This report includes the following images and tables:

    GoA Miocene plays creaming curves
    Lower 48 active horizontal oil rig history and outlookMajor deepwater operated assets by company

What's included

This report contains:

  • Document

    US upstream in brief: Oxy’s ‘Bandit’ secures Gulf of America Miocene discovery

    PDF 1.52 MB

  • Document

    2026 April 7 GOM Deepwater Dashboard.pdf

    PDF 263.66 KB