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US Upstream week in brief: 08 June 2016

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Report summary

Devon Energy announced US$1 billion divestiture of non core assets. WPX taps equity markets to expand operations in the Delaware Basin. Valero starts 90 000 b/d topping unit at Houston refinery. Failed Halliburton/Baker Hughes merger forces debt downgrade from Moody's. Shell takes FID on petrochemicals facility to support growing ethane production from Marcellus/Utica.

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    US Upstream week in brief: 08 June 2016

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Tables and charts

This report includes 7 images and tables including:

Images

  • US Lower 48 2016 M&A activity
  • WPX wells and permits in the Permian Delaware Basin
  • US refining capacity rises although supply declines in 2016
  • US East Coast increasing crude oil imports
  • Number of the Week
  • Share price performance, crude oil & gas inventories, horizontal rig count stats
  • Gulf of Mexico rig count

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