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US Upstream week in brief: 27 July 2016

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Report summary

The service sector calls the bottom of the earnings trough as weekly US rig additions hit double digits. Meanwhile Southwestern and Encana revise 2016 guidance adding capital to accelerate activity in their core areas of operations. Stories this week include: Service sector heralds the bottom for earnings Southwestern revises 2016 guidance and announces rig additions Encana to increase capital in the Permian Basin Low breakevens in Delaware Basin continue to drive activity Mexico launches Round Two with shallow water blocks

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    US Upstream week in brief: 27 July 2016

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Tables and charts

This report includes 4 images and tables including:

Images

  • US Lower 48 oil supply and horizontal rig count
  • Map of recent M&A activity in Delaware Basin
  • Number of the week
  • Share price performance, crude oil & gas inventories, horizontal rig count stats

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