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US Upstream week in brief: Shale for sale as BHP plans US onshore exit
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
BHP plans to divest its entire onshore US portfolio following months of strategic review and activist pressure. All options for this exit are on the table including a demerger, piecemeal divestments, an asset swap or an IPO. Further M&A deals also occurred across the Lower 48 with Sanchez in the Eagle Ford and Alta Mesa in the Mid-Con. Activity at the US Gulf of Mexico Lease Sale 249 was led by Shell with nearly 20 bids. Elsewhere onshore, US rig counts declined for a third consecutive week.
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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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