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US upstream week in brief: Papua New Guinea explorer Oil Search throws curve ball with North Slope acquisition
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Papua New Guinea-based Oil Search make a big play for North American reserves with its purchase of a 25% interest in the Pikka Unit in the North Slope. Initial deal metrics look positive although the operator may face a steep learning curve in Alaska which raises questions regarding project timing. In addition, Q3 Earnings season continues and we dive into the latest disclosures from QEP, Cabot, Statoil, Range and ExxonMobil.
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Tables and charts
This report includes the following images and tables:
- US oil and gas dashboard
- Horizontal rig count stats
- Deepwater US GoM rigs
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