BakkenMonitor cover


Add to Basket £59.99 inc VAT


Bakken Monitor – September 2018 Earnings Season: Capex Up, Free Cash Flow Down

North Dakota's oil production retreats in June to 1.226 million b/d (-20,000 b/d m-o-m), in line with our forecast of 1.228 million b/d (or -18,000 b/d m-o-m). We see production reaching a fresh high in July at 1.255 million b/d (+29,000 b/d m-o-m), with completions back at May levels. With the second quarter in the books, we take a look at key metrics for the LTO sector. Capex is up 15% y-o-y, but comments from the service companies suggest 3Q18 production growth may disappoint. A New York Times op-ed that calls into question the financial basis of LTO has been slammed by many – but we argue that, though flawed, it has some salience....

Please purchase or subscribe to this report to continue reading or log in if you have already done so.


Not yet a subscriber?
Subscribe and Save 20%

If you are interested in a corporate subscription, please contact us at admin@petrologica.com or call us on +44(0)1206 823 295.