US Upstream week in brief: Weatherford-cast? More OFS consolidation
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Report summary
Schlumberger and Weatherford jointly create OneStim. The new company may prove a serious competitive threat to Halliburton in the North America completions space. Oklahoma regulators are considering legislation that could expand the use of extended laterals, boosting the potential of the Northern STACK. Remember, some Anadarko Basin assets have breakevens that make Permian operators envious. In West Texas though, concerns over potential gas takeaway constraints may be softening with Kinder Morgan testing the waters for a proposed 1.7 bcfd connection to Gulf Coast demand centers. In other pipeline news, President Trump formally approves Keystone XL but other hurdles persist. Lastly, we also comment on our key takeaways from Matador and California Resources' recent Analyst Day events.
What's included
This report contains
Table of contents
- Top stories of the week
- Number of the week
- Upcoming events:
- US oil & gas dashboard
Tables and charts
This report includes 6 images and tables including:
Images
- Lateral length distribution by target formation - could extended laterals boost Northern STACK development?
- Western Canada supply and takeaway capacity
- US Upstream week in brief: Weatherford-cast? More OFS consolidation: Image 4
- Horizontal rig count stats, share price performance, crude oil & gas inventories, and deep water rigs
- US Upstream week in brief: Weatherford-cast? More OFS consolidation: Image 6
- US Upstream week in brief: Weatherford-cast? More OFS consolidation: Image 7
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