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Where, Oh Where Does the Permian Flare?

September 5, 2018 | Matt Hagerty

Permian natural gas flaring has become a hot topic throughout 2018. Natural gas pipeline capacity out of the basin has filled and outright pricing at Waha has fallen to $1.28/MMbtu over the last 7 days (Aug.29 – Sept 4)....
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DJ Basin: Is the Future Setback?

July 17, 2018 | Matt Hagerty

Over the past few years as the importance of shale hydrocarbons in the US has risen, a number of state and local governments have attempted to increase their involvement in oversight of US hydrocarbon development. Examples across the US...
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What the Heck, OPEC?

June 21, 2018 | Matt Hagerty

Many US independent E&Ps have begun generating positive free cash flow in 2018, crediting capital discipline, operational efficiencies and, perhaps most importantly, higher crude prices. The rise in oil prices over the past year has many drivers, but the...
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US Crude Exports Making Waves, but will Infrastructure Drown the Optimism?

May 24, 2018 | Matt Hagerty

US shale has proven its resiliency over the past three and a half years, emerging as the chief driver of record US crude production in a rising price environment. But as US production continues to push new bounds, infrastructure...
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Waha’s Sphere of Influence: Permian Gas Driving Weakness West of the Mississippi

May 3, 2018 | Matt Hagerty

Associated gas out of the Permian has been a popular topic and with natural gas pipelines filling up, it’s no surprise that the Waha differential to Henry Hub has widened in 2018. In fact, Waha basis to Henry Hub...
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Magnolia Oil and Gas: Yet Another Deal Offering Production Upside

March 29, 2018 | Matt Hagerty

Public independent E&Ps have consistently sent a smaller portion of their drilling and completion capital to the Eagle Ford since 2015, which we highlighted earlier this month, in part because many of them also have operations in the currently...
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The Permian is Eating its Cake and Having Everyone Else’s Too

March 2, 2018 | Matt Hagerty

Most public E&Ps have released their 2018 capital budgets at this point. Analyzing these plans and how capital allocation has changed over time can shed light on where production is trending in the near term. What does the data...
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