Unlock Cash and Drive Capital Efficiency with Operations Science in the Delaware Basin The time it takes for an oil and gas company to drill, complete and put a well on production is not a metric the industry or investors have traditionally focused on. However, cycle time, meaning “time to market”, has a major impact […]
More »Sep 24 2019 | Westwood Insight
The minimum commercial field size (MCFS) for deepwater standalone oil developments since 2007 has been found to vary between 130 and 650 mmboe depending, principally, on the exploration play. The oil price was not found to have had a significant impact on the MCFS as costs and development designs have adjusted to lower prices. The […]
More »Sep 2 2019 | Westwood Insight
Latin America has emerged as one of the focus regions for rig demand growth over the next five years outside North America. The Vaca Muerta shale play in Argentina is leading the way and is expected to continue to dominate rig demand in the region, with several large E&P companies, including ExxonMobil and Shell, having […]
More »Aug 27 2019 | Westwood Insight
In the 2000’s national oil companies (NOCs) investing abroad were viewed as new competition to the international oil companies (IOCs). NOCs began acquiring international assets, whether to bolster security of supply for their growing economies, for energy diplomacy or simply to generate new profit streams abroad capitalizing on their domestic capabilities. Westwood research shows […]
More »Aug 20 2019 | News & Insight | Consultancy
Westwood Global Energy Group is delighted to have advised EV Private Equity on its successful investment into Enhanced Drilling. For oilfield services related corporate strategy and transaction support advice, please contact Arindam Das (adas@westwoodenergy.com).
More »Aug 12 2019 | Westwood Insight
High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018. The commercial success rate has also improved significantly, running at 37% so far compared to ~27% recorded in 2017 and 2018. 16 […]
More »“Sunshine pumping” and market exuberance key contributors to over investment, according to a new white paper from Westwood Global Energy Group released this week (Houston, USA) Monday, 5th August 2019 – Research consultancy, Westwood Global Energy Group, has today launched its latest US Frac Sand White Paper1 outlining the current state of the proppants2 market […]
More »US Frac Sand Outlook – White Paper A new white paper from Westwood investigates demand for proppant, total frac sand supply, and last mile trucking costs. The paper is intended to give you Westwood’s view and methodology, and key points from the paper include: Previous frac sand demand numbers from industry analysts contributed to over […]
More »Jul 22 2019 | Westwood Insight
The U.S. Gulf of Mexico drillship market is currently in quite an enviable position. Figure 1 shows that as of mid-July, marketed utilization of the 25-rig fleet stood at 96%, with 24 units either working or committed to begin contracts in the next few months. And, with it rumored that the lone stacked unit may […]
More »Jul 15 2019 | Westwood Insight | Research
A new study by Westwood Global Energy Group shows that new entrant E&P companies to the UKCS since 2008 now control 46% of production, 39% of reserves and 64% of potentially commercial volumes yet to be developed. New entrants are producing over 300 million barrels of oil equivalent per year but their appetite for buying […]
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