Tag: independents

US independents raising 2017 capex, especially in Permian Basin

US independents raising 2017 capex, especially in Permian Basin

Encana increased growth guidance to focus on high-return wells, with bulk of capex landing in Permian Basin With oil prices holding steady at around US$45/bbl for several months, many operators feel the worst is over and are consequently raising 2016 production guidance and capex spend, according to Wood Mackenzie. In general, operators are doing more with […]

By November 29, 2016 0 Comments Read More →
Which US oil and gas independents will increase production in 2017?

Which US oil and gas independents will increase production in 2017?

Independents with low cash-flow breakevens and low leverage (Marathon, Hess, Pioneer) are best positioned to grow in 2017 Cash-flow neutrality, capital discipline and de-leveraging will remain the strategic priorities for the coming year. Unless oil prices rebound to US$60/bbl, a return to double-digit production growth is still some way off for most, according to an […]

By October 26, 2016 0 Comments Read More →