Title : The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017
link : The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017
The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017
Fracking in the Bakken, from CalFrac's 2Q17 earnings conference call:- added two frack spreads in Colorado
- larger jobs in the Marcellus and the Bakken
- smaller jobs in Colorado
- had to put on hold plans to frack in Texas
- would like to have all frack teams reconstituted by end of year; not likely to happpen, partly due to workforce; 300,000 people left the industry in the downturn
- decreased CAPEX possible because --
- efficiency gains
- rigs drill 6% to 9% more meters / day
- 4% to 2% less time on each well
- 35% less cost per well
- strict prioritization
- added a second completion crew in July
- production onshore is reduced y-o-y; but increased q-o-q, mainly Bakken
- Kayak discovery, relatively small but could impact decision on Castberg later this year
- improving cash margins toward the target of $12.50 per bbl in 2018
- three most prolific basins in the US: Eagle Ford, Bakken, Marcellus (note which basin was not mentioned)
- slightly higher activity level planned for 2H17 in the Utica and the Bakken
- 900 wells with a breakeven of $50 and below; half of those 900 have a breakeven of $40 or below
- new highs: 141 -- including Boeing, Coke
- new lows: 21 -- including QEP, Snap, Sonoco Products
Thus Article The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017
That's an article The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
You are now reading the article The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017 with the link address https://mylivemyidea.blogspot.com/2017/07/the-energy-and-market-page-t188.html
0 Response to "The Energy And Market Page, T+188 -- Earnings Calls -- Statoil, CalFrac -- July 27, 2017"
Post a Comment