Energy Market Commentary // Drilling

The New, Improved San Juan Basin?

November 7, 2017 |
Over the past few years, drilling activity and oil and gas production in New Mexico’s San Juan basin have been on the decline. However, the basin has recently benefited from improvements in horizontal drilling that could slow, or maybe...
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Service Cost Inflation Hitting Producers

Independent Upstream, Midstream & Downstream Oil, Natural Gas & NGL Analysis and Due Diligence.
November 2, 2017 |
As part of BTU Analytics’ continuing effort to monitor the effects of service costs on producer actions, today we examine service company data for 3Q’17. Last quarter BTU posted an article about how oil service margins had begun to...
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The Haynesville. A Sleeping Giant?

September 28, 2017 |
Over the years, the Haynesville’s significance to the natural gas industry has come in waves. In 2008 many predicted it would be the play that defined US natural gas production growth, and was the hot spot where investors and...
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Service Margins Poised to Rebound

August 2, 2017 |
Last year BTU wrote an article about the cyclical pattern of service cost margins and the correlation with WTI pricing. As crude prices fell throughout 2015, both Halliburton (NYSE: HAL) and Schlumberger (NYSE: SLB) showed margins dropping from averages...
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