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  • January 12, 2018

    January 12, 2018

    12th January 2018

    Oil Drilling Activity

    Onshore drilling activity increased by 13, now at 920, the highest since last September. Across the three major unconventional oil basins, the oil rig total has a slight increase by 3 in the Permian. US rigs targeting oil increased by 10, with the total standing at 752. 

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  • December 22, 2017

    December 22, 2017

    22nd December 2017

    Happy Holidays ... The Monitor will return on January 12, 2018.

    Oil Drilling Activity

    Onshore drilling activity increased slightly, up 1 this week, at 910. Across the three major unconventional oil basins, the oil rig total increased by 2. US rigs targeting oil was flat, with the total holding at 747. US operators continue to show patience as crude prices continue to hold below US$60 (WTI) per barrel; rig direction for 2018 could be decided in Texas ... keep an ardent eye on Texas onshore rig growth!

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  • December 15, 2017

    December 15, 2017

    15th December 2017

    Oil Drilling Activity

    Onshore drilling activity remained flat, bringing to a halt a five-week upward trend, at 909.  Across the three major unconventional oil basins, the oil rig total decreased by 2. US rigs targeting oil dropped by 4, with the total standing at 747. US operators continue to show patience as crude prices continue to hold below US$60 (WTI) per barrel.

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  • December 8, 2017

    December 8, 2017

    8th December 2017

    Oil Drilling Activity

    Onshore drilling increased activity five weeks running, with the addition of 1 rig to 909. Across the three major unconventional oil basins, the oil rig total increased by 5. US rigs targeting oil is up 2, with the total standing at 751. US operators continue to show patience and are keeping a keen eye on their balance sheets as crude prices hold just below US$60 (WTI) per barrel.

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  • LNG Emerging Trends: Small Change or All Change?

    LNG Emerging Trends: Small Change or All Change?

    8th December 2017

    GCA's Gas & LNG team have been continuing their relationship with the Petroleum Institute of Thailand (PTIT).  

    You can find their latest article on emerging LNG trends, including the environmental benefits of LNG compared to conventional fossil fuels, on the PTIT website, or download a copy here

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  • December 1, 2017

    December 1, 2017

    1st December 2017

    Oil Drilling Activity

    Onshore drilling increased activity four weeks running with the addition of 8 rigs (4 targeting gas) to 908. Across the three major unconventional oil basins, the oil rig total increased by 5. US rigs targeting oil is up 2, with the total standing at 749.

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  • November 17. 2017

    November 17. 2017

    17th November 2017

    Oil Drilling Activity

    Onshore drilling increased activity with an addition of 5 rigs (all targeting gas) to 893. Across the three major unconventional oil basins, the oil rig total increased by 4. US rigs targeting oil was flat, with the total standing at 738.

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  • Creating Long Term Value by M&A: Precisely blending the best ingredients is the recipe for success

    Creating Long Term Value by M&A: Precisely blending the best ingredients is the recipe for success

    14th November 2017

    In any resource based industry, it is a common practice to adjust existing asset portfolios by Mergers & Acquisitions (M&A), either selling or buying individual assets, regional portfolios or indeed entire corporate entities. Final Investment Decisions (FID) are made for assets involving 15-35+ year investment cycles, based on incomplete understanding of the subsurface geology, project costs, oil and gas demand and prices, availability of finance and most importantly, production performance - and things then change. At a London SPE evening seminar earlier in 2017, GCA's Chris Rachwal proferred several justifications for acquiring upstream assets and triggered a lively debate.  Here he expands on some of his key slides from that evening. 

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