First Look At 2018 US E&P Capex & Rig Count: Flat At The Current Strip?

While the majors talk capex in terms of multi-year programs, the Independents that drive the Lower 48 drilling & completion markets are usually reticent to discuss specific year-ahead capex details until budget season (late-4Q / early 1Q). Last week an Independent talked specifics on their 2018 development plan – one of the earliest such disclosures we’ve seen.

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