A Crude Awakening: Why U.S. Operators Are Cutting Budgets Quickly
February 09, 2015
2:00 PM CST
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What Topics Will Be Covered?
The drastic decline in oil prices has resulted in swift action by U.S. operators, especially in the key shale plays. With budgets already announced, several operators have made revisions to capital expenditures, operating expenditures, rigs, and new well starts. In this Workweek Webinar™, we expect to cover the following:
Operators returning to core competencies, directing budgets to core assets
Reduced operator drilling & completion costs due to more buyer power
Pressure pumpers reducing costs on equipment, sand, & fracturing fluids
Double-digit percentage declines in well costs amid efficiency overhaul
Varied cost structures across basins, including with similar-sized operators
Operator budget revisions of 25-70% (ConocoPhilips, EOG, Marathon, & more)
Impact of rapid budget cuts on supply chain & expectations for the future
Who Should Attend?
U.S. operators and other companies that operate in the top U.S. shale plays
Oilfield service company employees who operate in the top U.S. shale plays
Investment advisers who track and follow development in the top U.S. shale plays
Rising oil & gas professionals who work with E&P companies in the top U.S. shale plays
Businesses which routinely deal with oil & gas companies and are affected by new developments
Professionals who are trying to get a better understanding of the quickly changing market
News and media professionals who report on oil & gas or energy developments in the U.S.
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