When will tight oil make money?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Executive Summary
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1. Is it really different this time?
- Reported cash flow, profits and returns have been elusive
- Free cash flow will come as tight oil moves through the cycle
- Sizing up tight oil – the Permian dominates the opportunity
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2. Tight oil sensitivity to price, costs, productivity and behaviour
- Corporate cash flow and valuation are leveraged to oil price
Tables and charts
This report includes 17 images and tables including:
- Free cash flow: historical
- Return on capital employed: historical
- Free cash flow outlook for Tight Oil Inc.
- IRRs versus capital expenditure on new projects for our coverage
- EOG’s cash flow under different scenarios
- EOG’s production under different scenarios
- WM reserves life
- Global undeveloped oil reserves by Brent breakeven price (NPV, 15): US tight oil vs greenfield conventional
- Tight Oil Inc.: sensitivity of value to price, discount rate, productivity, and cost
- Portfolio value sensitivity to oil price: Tight Oil Inc versus Non-tight-oil peer group
- Sensitivity if Permian tight volumes to cost inflation under cash flow neutrality (US$50/bbl real)
- Sensitivity of Permian well returns to cost inflation
- Evolution of oil IP rates
- Evolution of drilling speed
- Share-price performance
- Evolution of gearing ratio
- When will tight oil make money?: Table 1
What's included
This report contains:
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