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  • September 15, 2017

    September 15, 2017

    15th September 2017

    Oil Drilling Activity

    Drillers deceased onshore rigs by 8, total stands at 915. Across the three major unconventional oil basins, the oil rig total decreased to 495 (down 5), rig growth remains weak in the major oil basins with crude prices at US$50 WTI. Crude prices could rise on expectations of the market rebalancing; however, the extent of any price rally will be determined by the US shale oil rig response. As prices rise, US onshore drillers should respond to fill the supply gap.

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  • Experts in North American Shale

    Experts in North American Shale

    14th September 2017

    GCA provides broad-based and detailed technical and commercial advice to our clients with shale basin assets across the upstream, midstream and downstream sectors of the oil and gas industry using a multi-disciplined approach. 
    GCA has undertaken a wide range of projects in the North American unconventional basins. Our experience within the major unconventional basins is both broad and deep, but also covers the mature and emerging sectors in the US and Canada. Our North American teams’ experience & expertise has been leveraged by our clients to evaluate the Vaca Muerta shale play in Argentina as well as other shale plays globally.

    To download this brochure as a PDF please click here or in the sidebar below (401KB).

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  • Experts in American Energy

    Experts in American Energy

    14th September 2017

    GCA has delivered technical, commercial and strategic advice to the North American oil and gas sector for over 50 years. GCA's advice is grounded in impartial technical work, supported by astute commercial experience and leverages the senior teams expertise across the entire spectrum (upstream, midstream and downstream) of oil and gas industry activity.  GCA works both for North America based companies and also because of its global presence, International companies looking to develop their positions in North America. So, whether you are a domestic gas producer looking for international monetization options, an American Operator seeking funding, or an overseas investor looking to understand and enter the North American continent and invest in its shale plays, GCA has the relevant experience and teams to assist in every step of the investment decision.

    To download this brochure as a PDF please click here or in the sidebar below (538KB).

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  • September 8, 2017

    September 8, 2017

    8th September 2017

    Oil Drilling Activity

    Drillers hold onshore rigs flat at 923.  Across the three major unconventional oil basins, the rig total increased to 500 (up 3). Growth remains weak in the major oil basins with crude prices holding below US$50 WTI. Hurricane Harvey had little to no impact on US rig activities; the US Gulf Coast refinery utilization took the brunt of the storm.

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  • September 1, 2017 ... Post Harvey

    September 1, 2017 ... Post Harvey

    1st September 2017

    Oil Drilling Activity

    Despite Hurricane Harvey, drillers increased onshore rigs by 3 this week reversing a three-week decline and bringing the total to 923. Across the three major unconventional oil basins, the rig total increased to 497(up 2).  However, growth remains weak in the major oil basins which continue to tread water with crude prices holding below US$50 WTI.

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  • August 25, 2017

    August 25, 2017

    25th August 2017

    Oil Drilling Activity

    Drillers decreased onshore rigs for the third week running, down 7 this week, bringing the total to 920. Across the three major unconventional oil basins, the rig total decreased to 495. Growth has stopped in the major oil basins and continues to show signs of weakening with crude prices holding below US$50 WTI.

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  • August 18, 2017

    August 18, 2017

    18th August 2017

    Oil Drilling Activity

    Drillers decreased onshore rigs by 1 this week, bringing the total to 927. Across the three major unconventional oil basins, the rig total decreased to 496, the past 10-week average was at 497. Rig growth in the major oil basins has stagnated with crude prices below US$50 WTI.

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  • August 11, 2017

    August 11, 2017

    11th August 2017

    Oil Drilling Activity

    Drillers decreased onshore rigs by 6 this week, bringing the total to 928 and links with reductions in capital spending for the second half of 2017. Taken together, the indications are that the average breakeven price is close to US$50 WTI, plus or minus a few dollars per barrel.

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