E&P Positioning Report

The US E&P market is unlike any other in the world.  Vast resources are able to be tapped by thousands of producers, from Mom and Pop’s to Majors, and capital is able to flow freely to companies with the best prospects due to our efficient capital markets and sophisticated financial industry. But not all companies will be able to thrive in the current market environment.

BTU Analytics’ E&P Positioning Report is a powerful tool that provides comparisons of US operators on an even playing field, allowing readers to cut through the mountains of data provided by companies and verify producer claims.  It answers the most important questions any analyst evaluating the industry should understand, including:

  • Who has the best acreage?
  • Who is the lowest cost operator?
  • Who has the most room to grow?
  • How will midstream and transportation affect the ranking of producer economics?
  • What hidden commitments have producers made that will help/hurt them in the future?

Prior to the release of this report, BTU Analytics’ exhaustive research on individual operators was only available to consulting clients.  Our proprietary models calculate economic returns on individual wells, which allow for aggregation for individual operators across the most important plays in the US.

What’s included in the quarterly report?

  • Maps showing wellhead breakevens across producer acreage for the Marcellus, Utica, SCOOP, STACK, Permian, Eagle Ford, Bakken Haynesville, Fayetteville, Cotton Valley, DJ and PRB
  • Charts of wellhead breakeven by operator
  • Production-weighted breakevens by operator including impact of differentials
  • Transportation commitments and contract expirations
  • PDP (proved developed producing) decline rates and rankings
  • Maps showing remaining inventory in the Marcellus, Utica, SCOOP, STACK, Permian, Eagle Ford, Bakken Haynesville, Fayetteville, Cotton Valley, DJ and PRB
  • Henry Hub, WTI and Basin differential forecasts
  • Detailed lists of economic and inventory assumptions

Some of the operators included in the quarterly report:

Anadarko (APC), Antero (AR), Apache (APA), BHP Billiton (BHP), Cabot (COG), Callon (CPE), Carrizo (CRZO), Chesapeake (CHK), Cimarex (XEC), Concho (CXO),  CONSOL (CNX), Continental (CLR), Devon (DVN), Diamondback (FANG), Encana (ECA), Energen (EGN), EOG Resources(EOG), EP Energy (EPE), EQT (EQT), EXCO (XCO), Gulfport (GPOR), Hess (HES), Laredo (LPI), Marathon (MRO), Memorial (MRD), Murphy Oil (MUR), Noble Energy (NBL), Occidental (OXY), Parsley (PE), Pioneer (PXD), Range Resources (RRC), Rex Energy (REXX), Rice Energy (RICE), Sanchez (SN), SM Energy (SM), Southwestern (SWN) and WPX Energy (WPX).

Author: Mason Ender

Mason Ender is a partner at BTU Analytics, LLC and managing director of business development overseeing client relations, marketing, and sales. Prior to joining BTU Analytics, he was the Manager of Sales for Bentek Energy, a division of Platts. Mason has worked with energy companies both domestically and internationally to implement effective fundamental energy analytic solutions. Mason also routinely presents energy market dynamics informing the market of upcoming risks and opportunities.