by admin@hew-tex | Dec 14, 2017 | Hew-Tex, Uncategorized
Market Realist – By Keisha Bandz – Dec 14, 2017 | 9:43 AM Permian rig counts In the latest US rig count report released by Baker Hughes (BHI), the number of active US rigs drilling for oil rose by two to 751 in the week ended December 8, 2017, compared to...
by admin@hew-tex | Dec 14, 2017 | Hew-Tex, Uncategorized
Market Realist – By Keisha Bandz – Dec 14, 2017 | 9:43 AM Permian productivity According to a report released by the EIA (U.S. Energy Information Administration) in July 2017, productivity in the Permian Basin in terms of new-well oil production per rig in...
by admin@hew-tex | Dec 14, 2017 | Hew-Tex, Uncategorized
Market Realist – By Keisha Bandz – Dec 14, 2017 | 9:48 AM Drilling and completion costs According to IHS Markit, there will be a 10% increase in the cost index for the Permian region by the end of 2017 (the base year is assumed to be 2000). Drilling costs...
by admin@hew-tex | Dec 14, 2017 | Hew-Tex, Uncategorized
Market Realist – By Keisha Bandz – 9 hours ago Increase in costs According to a report by IHS Markit released in June 2017, the Permian Basin will see increasing costs next year, mainly driven by completion costs and logistics- and supply-related costs....
by admin@hew-tex | Dec 14, 2017 | Hew-Tex, Uncategorized
Market Realist – By Keisha Bandz – Dec 14, 2017 | 9:49 AM Midstream takeaway capacity As we’ve already seen in this series, the Permian Basin boasts higher productivity and lower costs. The basin’s output could thus keep rising as producers keep drilling....
by admin@hew-tex | Dec 14, 2017 | Hew-Tex, Uncategorized
Market Realist – By Keisha Bandz – Dec 14, 2017 | 9:49 AM Permian cash flows With the increase in capital expenditure and production, cash flows in the Permian Basin are also expected to rise by 2021. Cash flows in Wolfcamp Delaware are forecast to exceed...
