LAST BUT NOT LEAST Interested in UCubeFree? It is free!
Company Newsletter Subscription: If you are not yet a subscriber to this email, please fill out the subscription form.
"Don’t expect a significant reduction in US shale production growth" by Bjornar Tonhaugen, VP Oil & Gas Markets As oil prices are plummeting, the oil market is looking for clues about how low prices can go before we see a response on the supply side. The market’s attention is naturally turning towards OPEC and North American (NAm) shale production, but Rystad Energy’s latest analysis shows that a significant reduction in shale volumes at current prices should not be expected. NAm shale oil output will respond very slowly to a drop in oil prices. Recent history, such as outages in Libya, shows that supply shocks of up to 500 kbbld could be needed to move global oil prices 10 USD/bbl. Read more
"Bakken Update: Play is expected to produce 1.2 mmboe in 2014" by Per Magnus Nysveen, Head of Analysis (Published by Oil & Gas Financial Journal) After acquiring Kodiak, Whiting became the company with the highest production rate in 2013 and for 2014 the level is expected to grow to 115 kboe/d, up 22 kboe/d compared to 2013. In total Bakken is expected to produce ~ 1.2 million boe in 2014 (90% light oil), compared to 1.0 million boe in 2013. Read more
"Falling oil price and the impact on oilfield service demand"by Audun Martinsen, Senior Analyst Oil prices have dropped from the comfortable level of 105-110 USD/bbl in July towards the 90 USD/bbl mark that we see today. The E&P companies have been under a large pressure the last years due to galloping costs, and the result have been delayed and cancelled projects, reducing their investment commitments. Read more
"Global deepwater developments: real supply additions or just fighting decline?" by Jon Fredrik Müller, Senior Project Manager (Published by Offshore Magazine) Deepwater developments have long been touted as one of the most important sources of new oil and gas production. However, production levels have been relatively flat over the last four years, and the historic high is still the 7.2 MMboe/d set back in 2010. So what is going on? Where are these deepwater projects being developed? Is the activity going forward enough to produce results beyond that of just battling decline, or is it time to revise the former positive outlook for the deepwater giants? Read more
"Permian Regional Report"by Espen Erlingsen, Senior Analyst (Published by WorldOil) The Permian basin is the hottest spot among all North American shale plays, if not within the entire, global E&P industry. The potential in multi-stacked formations within the Delaware and Midland basins has attracted investments from all across the globe. As a result, Permian activity is growing rapidly; since the beginning of this year, the industry has added 60 new rigs to the area. To validate this faith in the Permian exhibited by the industry, it is important to determine the quality of the play, how it competes with more mature plays, and its impact on a global perspective. Read more
PRODUCT UPDATE - NORTH AMERICAN SHALE WELL DATA Our NASWellData includes production and completion data for 160,000 wells covering all major US shale plays. It is a collection of reliable data sets extracted from governmental sources. It is now available in Cube Browser.
You receive: (1) Monthly Production Data, (2) Well Information, (3) Completion Data, (4) Curve Fitting Tool, and (5) Well Curves. ContactNASAnalysis team for more information.
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments. We are headquartered in Oslo, Norway, with additional research teams in India. Further presence has been established in the UK (London), USA (New York & Houston), Russia (Moscow), for Africa as well as South East Asia.