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8 Pages

US Upstream week in brief: 3 February 2016

US Upstream week in brief: 3 February 2016

Report summary

Chevron shifts focus this week to its highest-return tight-oil positions in West Texas, cancelling the Buckskin/Moccasin project as economics prove challenging. Earnings season points to a disciplined 2016 as operators double-down on their very best positions and guide towards modest production declines. The drawdown of the drilled-uncompleted (DUC) backlog is already bolstering production in the Bakken and Eagle Ford, offsetting the tumbling rig count. The demand for well services stays high for oilfield service companies like Baker Hughes which provide solutions to offset production declines.

What's included?

This report includes 1 file(s)

  • US Upstream week in brief: 3 February 2016 PDF - 1.62 MB 8 Pages, 0 Tables, 6 Figures


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

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  • Top stories of the week
  • Lower 48 dashboard

In this report there are 6 tables or charts, including:

  • Top stories of the week
    • Impact to capex and NPV by project cancellation
    • L48 oil production (bopd)
    • Notable number of the week
    • Utica subplay map
  • Lower 48 dashboard
    • Share price performance, crude oil & gas inventories, horizontal rig count stats
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