In addition to the in-depth updates published over the past week, these 11 “quick hit” datapoints also crossed our desk and are worthy of a mention… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must …
Read More »The Independents May Intend To Temper Tight Oil Growth Next Year, But The Majors Sure Don’t…
On Tuesday, we warned that by taking their foot of the capex gas pedal at this point in the cycle, the Independents risk ceding share in shale development to the Majors. On Wednesday, Chevron’s 2018 budget release confirmed that this indeed will happen if actions follow words. There’s a lot …
Read More »Chevron’s 2017 Capex Budget Is Up 45% In The Permian, But Down Most Everywhere Else
Compared to PDC Energy’s budget release earlier this week, Chevron’s 2017 continuing budget cuts are a stark reminder of the divergence theme we first wrote about in early-November. That said, these budget cuts are impacting most every area except one, the Permian. We break down the majors budget for subscribers …
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