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  • OPEC Agrees to Cut Production

    OPEC Agrees to Cut Production

    2nd December 2016

    The onshore rig count increased 5 this week, bringing the total to 570 compared with 714 a year ago (down 20%), but up over 50% since the low in late May 2016. Rigs targeting oil increased 3, standing at 474, up 49 % (158) since May.

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  • U.S. Gas Production set to Increase

    U.S. Gas Production set to Increase

    28th November 2016

    The onshore rig count increased 5 this week, bringing the total to 570 compared with 714 a year ago (down 20%), but up ~51% since the low in late May 2016. Rigs targeting oil increased 3, standing at 474, up 49 % (158) since May.

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  • Policy Changes On The Horizon ?

    Policy Changes On The Horizon ?

    18th November 2016

    The onshore rig count increased 18 this week, bringing the total to 565 compared with 727 a year ago (down 22%), but up ~50% since the low in late May 2016. Rigs targeting oil increased 19, standing at 471, up 49 % (155) since May. Of the extra 19 oil rigs, 58% (11 rigs) mobilized to the Permian Basin areas. 

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  • EIA Increase In Oil Production Just A ‘Correction’

    EIA Increase In Oil Production Just A ‘Correction’

    11th November 2016

    The onshore rig count decreased 1 this week, bringing the total to 547 compared with 734 a year ago. Rigs targeting oil increased 2, standing at 452, up 42 % (136) since bottoming out six months ago in late May. Rigs targeting gas decreased 2, bringing the total to 115, compared with 193 a year ago. 

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  • U.S. Crude Imports Surge 30%

    U.S. Crude Imports Surge 30%

    4th November 2016

    The onshore rig count increased 13 this week, bringing the total to 548 compared with 739 a year ago. Rigs targeting oil increased 9, standing at 450, up 42 % (134) since bottoming out six months ago in late May. Rigs targeting gas increased 3, bringing the total to 117, compared with 199 a year ago. 

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  • Surprise U.S. Inventory Decline

    Surprise U.S. Inventory Decline

    28th October 2016

    The onshore rig count increased 5 this week, bringing the total to 535 compared with 738 a year ago. Rigs targeting oil dropped 2, now standing at 441, up 40 %( 125) since bottoming out five months ago in late May. Rigs targeting gas increased 6, bring the total to 114, compared with 197 a year ago. 

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  • The Necessity of a Holistic View for Asset Evaluation

    The Necessity of a Holistic View for Asset Evaluation

    26th October 2016

    GCA's Drew Powell had an article on an 'Holistic View for Asset Evaluation' published in the October 2016 SPE Review.  The article is re-produced below, or you can download the original version here.

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  • Producers May Emerge Stronger

    Producers May Emerge Stronger

    21st October 2016

    The onshore rig count increased 14 (11 targeting oil) this week, bringing the total to 530 compared with 749 a year ago. Rigs targeting oil added 11, standing at 443, up 40% (127) since bottoming out five months ago in late May.

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