In Alaska and GoM, major players shy away from high cost projects challenged by the current price environment. Shell takes the first step in its $30 billion divestment plan as it offloads GoM assets Brutus and Glider. Also, we size up Sanchez's recently marketed assets in the Eagle Ford Shale. Stories this week include:
GoM western lease sale attracts few bids
Shell to sell Brutus and Glider fields
Operators back out of uneconomic Alaska LNG project
Matador announces new cryogenic plant
Sanchez Eagle Ford assets up for sale
Colorado anti-fracking initiatives fail to make ballot
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Insight | Aug 2016
US Upstream week in brief: 31 August 2016
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