Insight
US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Parsley Energy repeats its growth formula with an equity-funded $2.8 billion acquisition of Double Eagle's Midland Basin assets. Parsley has been on a Permian tear. Just how big has the company become? FERC's approval of four northeast gas pipeline projects has positive implications for northeast supply growth, but possibly to the detriment of Henry Hub post-2018. Matador and SM Energy both raise the bar for well results on acreage they acquired through M&A, highlighting some unique areas for even more future Permian investment.
Table of contents
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Number of the week
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Tables and charts
This report includes the following images and tables:
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Parsley's general Midland Basin position offset with top 10% of wells drilled*Long term shipper volumes on recently approved pipeline expansion projectsBone Spring well design - proppant usage distribution
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SM Energy RockStar well mapUS upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle: Image 6Share price performance, crude oil & gas inventories, horizontal rig count statsUS upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle: Image 8US upstream week in brief - Feb 8: Parsley acquires Midland player Double Eagle: Image 9
What's included
This report contains:
