Insight
US upstream week in brief: Q2 2020 archive
Report summary
The US week in brief report highlights the need-to-know events from US upstream. It is a rolling document, continuously updated with our own analysis and opinion on events impacting the sector. Coverage includes US onshore and Gulf of Mexico. Sources for the news stories include company press releases, industry events, press coverage, and our own modelling changes. The facts are presented, but more importantly we discuss implications for our modelling.
Table of contents
- Shale sector readthroughs from Chesapeake’s bankruptcy
- Coronavirus surges in oilfield areas
- Sable’s struggles
- Our take on the Dallas Fed’s energy survey
- Crude For Thought podcast: latest Lower 48 episodes
- Pipe data at $40/bbl
- How has the price crash changed Lower 48 upstream?
- Continental’s post-curtailment product mix
- Matador modifies a key project
- Alaska shut-ins coming back soon
- Fresh debt for the Haynesville
- Notes on Private Equity
- Antero secures US$402 million in latest Northeast deal
- Extraction's bankruptcy is the first step in a long road ahead
- How do infill wells really compare?
- Tight oil growth is only taking a pause
- ESG moving up the capital structure
- WPX shows progression in the debt markets
- Why wait to develop ultra core wells?
- The arrival of the great LNG pushback
- First to shut-in, first to come back
- Who’s pumping in the Permian?
- Borrowing bases are down 20% with April redeterminations
- After the oil price crash – what’s changed in the US Gulf of Mexico
- The growing gap in Permian associated gas
- Corporate quick takes
- Crude for Thought season two is live
- Stars align for the Haynesville
- Comstock’s float that sank
- What will it take to stave off production declines in 2021?
- Upstream convertible bond market emerging: Pioneer Natural Resources upsizes offering
- Northeast players push well costs to new lows
- Do shut-in barrels ever come back?
- Hess bucks the Bakken curtailment trend
- No consensus on Permian completion timing
- The impact of frac holidays vs. shut-ins on Lower 48 supply
- Shell exits Appalachia
- Can Chevron and ExxonMobil sustain Permian growth?
- Climate change, heating up E&P Annual General Meetings
- How much does it really cost to shut-in production?
- Alaska’s North Slope begins to shut down
- Five questions we’re keen to answer with Q1 earnings
- A missed opportunity with L48 share buybacks?
- CNX Resources adopts a lean long-term strategy
- EDF methane study reveals disappointing results
- Alta Mesa signals how bankruptcy ownership could unfold
- Alpine High producing again
- EQT reduces interest expense with successful offering
- Quantifying oil’s impact on gas
- Low hedges cash-in on even lower prices
- A day we won't forget - WTI trades negative
- Capex cuts & production curtailments
- The US GoM produces even at low prices
- To proration or not – Texas’ big question
- Cushing stocks climb at a record rate
- EOG notes offering reiterates strength
- Added complexities in type curve rankings
- Plunging US rig counts
- The (un)great American midstream buildout
- Lower 48 supply - what you need to know this week
- Coronavirus spread slows in the oil patch
- A monumental return to GoM discovery
- ExxonMobil’s Permian flexibility
- GoM shut-ins over shale?
- BPX bottoms activity too
- Is Whiting's bankruptcy just the beginning?
- Alaskan exploration results still rolling in
- Range Resources’ spending down but borrowing base flat
Tables and charts
This report includes 37 images and tables including:
- Cumulative confirmed coronavirus cases in key play counties
- Wolfcamp wells online by operator (2018 to 2019)
- Genscape daily Bakken flows (2020)
- Post-tax NPV change by operator, pre-crash vs post-crash
- DJ Basin average well productivity by operator for wells drilled since 2019
- Delaware Wolfcamp wells by county
- H1 2020 US onshore crude and condensate production
- Top quartile Fort Berthold: 2021 TIL vs. 2020 TIL
- US LNG feed gas vs. production losses since 31 March 2020
- Woodmac Permian models
- Borrowing bases reduced
- Change in the US GoM capex forecast
- Lower Permian associated gas outlook delays need of new infrastructure
- Carbon and DGO well locations
- Regional sand mines
- Incremental Haynesville pipeline capacity
- US Lower 48 crude and condensate production
- D&C cost estimates by operator normalized by lateral foot
- EOG’s case study on shut-in performance
- Lower 48 decline contributors, relative to March 2020
- Alaska North Slope breakevens
- Dry gas rig count and Henry Hub
- Gains from Apache’s recent hedges (including April and May settlements)
- Short-run marginal cost (SRMC) curve - Deepwater GoM fields
- Cushing stocks: past vs. present
- Oil IP vs. payback period
- Net change in Hz rig count by basin over the past four weeks
- Impact of a frac holiday on Lower 48
- Number of coronavirus cases in US counties with active drilling. On this logarithmic scale, steeper lines indicate more rapid growth.
What's included
This report contains:
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