Texas activity in Permian and Eagle Ford

摘要

Texas holds some valuable acreage that continues to provide refuge in sub-$60 oil. The downed market has fallen short of plaguing certain Texas assets to the extent that has been seen in other basins such as the Haynesville or some of the smaller Midcontinent plays. While the Eagle Ford has been hit somewhat hard in recent years, the Permian has continuously exceeded production expectations and overall activity trends. With breakevens in the sub-$40/bbl range at West Texas Intermediate (WTI), operators and investors have made a push to gain market share within this basin and to deploy cutting-edge techniques and strategies that will position them well above the general curve at the onset of higher oil prices.