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US Upstream week in brief: 17 August 2016

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Report summary

The Permian Basin proves to be a bright spot in the US oil recession as operators continue to pick up acreage and send rigs back to work. How long can we expect this regional trend of rig increases to continue? Meanwhile midstream company Williams attempts to revive the Barnett Shale by renegotiating gas gathering contracts in operators' favour. But are the reduced fees enough to offset low commodity prices and jump start drilling? Stories this week include: Parsley Energy pays premium for Glasscock County acreage Concho expands its footprint in Midland Basin Chesapeake exits Barnett; Williams lowers fees to bring back rigs Permian Basin drives biggest weekly US rig increase this year Wells to watch: operators step out of core STACK

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  • Document

    US Upstream week in brief: 17 August 2016

    PDF 4.45 MB

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Tables and charts

This report includes 5 images and tables including:

Images

  • Horizontal Spraberry development by operator (completed and permitted wells)
  • Initial 30-day average oil rate of Concho and Reliance wells in northern Midland Basin
  • Bone Spring and Wolfcamp remaining undrilled locations in the Permian Basin
  • US Upstream week in brief: 17 August 2016: Image 5
  • Share price performance, crude oil & gas inventories, horizontal rig count stats

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