![]() The Eagle Ford and Bakken fall in the middle of the pack with breakeven prices of $59/bbl and $60/bbl respectively. The Anadarko basin is on the other extreme with a $66/bbl breakeven, which is near current spot pricing, the analysts said. ![]() The Delaware Basin offers the lowest breakeven price at $46/bbl, followed by the Midland basin at $52/bbl and DJ Niobrara at $53/bbl. shale basins, the difference from one end of the spectrum to the other is $20/bbl. In terms of breakeven prices by major U.S. (Source: Rystad Energy, Wells Fargo Securities) Shale Full-cycle Breakeven Oil Prices by Basin. ($43/bbl), according to data compiled by Rystad and Wells Fargo.įor the private operators, the companies with the lowest breakeven price were Providence Operating ($33/bbl), Verdun Oil Company ($35/bbl) and Gulftex Energy ($38/bbl). Public operators on the south side of the median with the lowest breakeven price include EOG Resources ($39/bbl), Matador Resources Co. “By basin, the Permian (Delaware & Midland) remain the leaders.” Read and Hanwen Chang said in their report. “We estimate E&P (public and private) fully loaded breakeven oil prices remain well below the strip and our downwardly adjusted oil price deck,” Wells Fargo equity analysts Roger D. ![]() onshore oil production), is $58/bbl, Wells Fargo announced March 24 in a research report, citing Rystad data. shale assets (new wells) of public E&Ps is $53/bbl WTI while for private operators, which account for approximately 37% of U.S. shale basins is approximately $54/bbl, according to Rystad Energy data.Ī closer look at the data shows the median breakeven oil price for U.S. Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately owned Verdun Oil Co for 815. The average full-cycle breakeven for U.S. Meritorious Awards for Engineering Innovation (MEAs).Rextag database of energy infrastructure assets Prices for top E&P stocks and commodities. Information on assets, buyers and sellers, deal values, and more.Ī searchable database of oil and gas debt and equity offerings. Houston, Texas-based Crescent Energy was formed last year by a merger between buyout firm KKR's (KKR.N) Independence Energy and Contango Oil & Gas Co.Database of selected U.S. The company plans to operate two rigs in the basin for the rest of the year after the deal closes, which is expected in the first half of 2022. To resolve the regulator's concerns and avoid a legal challenge, EP Energy put the oil-producing acreage in Utah for sale again, according to the report.Ĭrescent said on Wednesday its acquisition of the assets will immediately add to its cash flow. antitrust regulators, in a rare move, threatened to block EnCap's takeover of the EP Energy assets, citing concerns about the buyout firm's dominance in the Uinta shale play. However, Reuters reported on Tuesday that U.S. ![]() Verdun's owner, the buyout firm EnCap Investments LP, had agreed to take over rival EP Energy's assets in the Eagle Ford and Uinta basins around August last year in a $1.5 billion deal. Feb 16 (Reuters) - Oil and gas producer Crescent Energy (CRGY.N) said on Wednesday it would buy around 145,000 net acres of oil- and gas-producing assets in the Uinta Basin of Utah from privately owned Verdun Oil Co for $815 million. ![]()
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