Independent E&Ps are being increasingly pressured by investors to live within their means and generate positive free cash flow. However, given the low commodity pricing environment, some operators may not yet be in a position to do so. With...
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Archive //
Few Large Permian Operators to See Lasting Impacts of Tight Well Spacing
October 16, 2019 |
Earlier this month, an Energy Market Commentary analyzed how many operators rapidly downspaced horizontal drilling activity in 2017, with the hopes of expanding the potential drillable locations within their finite acreage. For some operators, tighter Permian well spacing resulted...
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Could Alpine High Capital Competition Slow Production?
September 10, 2019 |
Since the announcement of Apache’s Alpine High discovery in the Delaware Basin in 2017, the company has rapidly advanced its development. Alpine High has since become an important piece of Apache’s portfolio, as shown by the company’s relationship with...
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Appalachian Capex Slows
August 7, 2019 |
With earnings season once again upon us, the market is getting greater clarity on 2H’19 activity levels and production. Back in February, we touched on how public company guidance in Appalachia for 2019 compared to our forecasts which called...
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Propane Prices to See 4th of July Fireworks?
July 3, 2019 |
Summer always seems to arrive at the perfect time. The 2019 summer is no different, especially if you are looking for some much-needed support for propane prices. Propane pricing has weakened significantly over the past year, but today we’ll...
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Lack of Heavy Crude Weighing on US Refiners
May 28, 2019 |
Ahead of IMO 2020, which requires ships globally to use fuels with a sulfur content below 0.5% from 3.5% currently, many thought an opportunity was emerging for US refiners. Complex US refineries could capitalize on an expectation of widening...
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Capital Spending in 2019 – Altering Basin Trajectories?
March 28, 2019 |
As we talked about last March, initial capital expenditure (capex) budgets announced by public E&Ps for the upcoming year can provide a good benchmark for how they are currently thinking about their assets. When compiled together, the budgets offer...
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