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Home>Survivors of $50 Crude: A US E&P CAPEX Evaluation - Research and Markets

Survivors of $50 Crude: A US E&P CAPEX Evaluation - Research and Markets

Survivors of $50 Crude: A US E&P CAPEX Evaluation - Research and Markets

10/05/2017

Survivors of $50 Crude: A US E&P CAPEX Evaluation - Research and Markets

The "Survivors of $50 Crude: A US E&P CAPEX Evaluation" report has been added to Research and Markets' offering.

A market study about understanding this industry-wide transformation, identifying the companies best positioned for success, and predicting how the changes in U.S. E&P sector will continue to dominate the supply side of the supply/demand balance, not only in the U.S. but around the globe.

  • The U.S. E&P sector is enjoying a recovery, not due to rising prices but instead driven by strategies that focus on core plays, M&A deals that implement those strategies, and productivity gains that can be extracted through improved operational results and lower costs.
  • Through aggressive deal making in hundreds if not thousands of transactions, U.S. E&Ps have been behaving like schools of piranha, eating away at small pieces of other companies and selling pieces of themselves to fund those acquisitions.
  • In doing so these companies are simultaneously fragmenting and reconstituting the U.S. E&P sector.
  • It is critically important to understand this transformation, which will not only shape future U.S. oil and gas production, but will drive the supply side of the global supply/demand balance.
  • Collectively, in 2016 these companies issued $28.6 billion in stock and $36.4 billion in bonds. Some have built a strong balance sheet and been rewarded by financial markets while others have continued to struggle financially and have been punished.
  • In 2017, these companies are boosting investment by 43% after a 70% plunge in 2014-16, which will restart substantial output growth in 2017 and beyond.

Key Topics Covered:

1. Introduction

2. Synopsis of Findings and Conclusions

3. Section A - Love It or Leave It: The New Upstream M&A Paradigm

4. Section B - CAPEX Rebounds: Leaner Industry Positions for Growth

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