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  • October 13, 2017

    October 13, 2017

    13th October 2017

    Oil Drilling Activity

    Drillers decreased onshore rigs by 6, total stands at 907. Across the three major unconventional oil basins, the oil rig total dropped to 493; rig growth has stalled in the major oil basins reflecting crude prices hovering at the US$50 WTI level. Rigs targeting oil decreased by 5, total stands at 743.

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  • October 6, 2017

    October 6, 2017

    6th October 2017

    Oil Drilling Activity

    Drillers decreased onshore rigs by 3, total stands at 913. Across the three major unconventional oil basins, the oil rig total remained flat four weeks running at 495; rig growth remains weak in the major oil basins reflecting crude prices hovering at the US$50 WTI level. Rigs targeting oil decreased by 2, total stands at 748.

    Are investors taking aim at US shale producers, pushing them to stop spending billions on new wells and instead use increase cash flow on dividends and stock buybacks? This shift could dampen spending on increase rigs and impact US production growth; however, it could help the OPEC strategy to constrain crude supply.

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  • September 29, 2017

    September 29, 2017

    29th September 2017

    Oil Drilling Activity

    Drillers increased onshore rigs by 3, total stands at 916. Across the three major unconventional oil basins, the oil rig total remained flat at 495, rig growth remains weak in the major oil basins reflecting crude prices hovering around US$50 WTI. Rigs targeting oil increased by 6 reversing a six week declining trend. Recent demand numbers and the jump above US$50WTI on market tightness offers some light on the horizon for rig growth.

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  • September 22, 2017

    September 22, 2017

    22nd September 2017

    Oil Drilling Activity

    Drillers deceased onshore rigs by 2, total stands at 913. Across the three major unconventional oil basins, the oil rig total remained flat at 495, rig growth remains weak in the major oil basins with crude prices at US$50 WTI. Rigs targeting oil have decline for six weeks running and this trend could continue into the fourth quarter.

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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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