A Look At How Permian E&P Spending Factors Into The Bigger Picture [Chart Of The Day]

Previously in our weekly rig count series, we noted that the Permian horiztonal rig count equals eight other large shale plays combined.

Today, we extended this thought exercise to spending, dusting off our capex model to see how Permian drilling and completion budgets factor into total US and global E&P capex.

There’s a lot more to this story…

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