Evercore

Global E&P Spending Still Forecast Higher but ‘Sharp Reversal’ Seen in North America

Global exploration expenditures are forecast to increase by 7.7% this year, down from earlier estimates, but still building on a 9% increase in 2018 and 3% increase in 2017, according to a survey by Evercore ISI.

June 12, 2019

E&P Capital Discipline Pressuring Lower 48 Oil, Gas Permitting

The capital discipline instilled by many exploration and production (E&P) companies has put the squeeze on permitting in the Lower 48, with a “more opaque outlook” expected in the near term, according to Evercore ISI.

May 15, 2019

January Starts Strong for U.S. Onshore Oil, Gas Permitting

U.S. producers may be looking to exploit more oil and natural gas targets in Wyoming’s Williston Basin, California and in Texas, according to a tally of January permitting activity by Evercore ISI.

February 13, 2019

Colorado, New Mexico and Wyoming Oil, Gas Permitting Soars in November

U.S. oil and natural gas permitting during November increased 60% from a year ago and was up by almost one-third month/month (m/m), aided by strong gains in Colorado, New Mexico and Wyoming, according to Evercore ISI.

December 12, 2018
U.S. Oil, Gas Permitting Still Rising, Pointing to Stronger Activity in 2019, Says Evercore

U.S. Oil, Gas Permitting Still Rising, Pointing to Stronger Activity in 2019, Says Evercore

U.S. oil and gas drilling permits climbed 23% year/year in October and were up 39% from September, a strong sign that activity is likely to improve early next year, Evercore ISI said Thursday.

November 15, 2018

U.S. Drilling Permits Plummet in September, Foreshadowing Possible Decline in Rig Count

U.S. oil and gas drilling permits slid in September, down 21% sequentially and 27% from a year ago, which suggests that a decline in the domestic rig count is possible, according to Evercore ISI.

October 12, 2018
Permian Paces Gains in U.S. Onshore as BHGE Rig Count Up 11

Permian Paces Gains in U.S. Onshore as BHGE Rig Count Up 11

The United States added 11 rigs, mostly oil-directed, for the week ended Friday (Oct. 12), led by gains in the Permian Basin, according to data from Baker Hughes, a GE Company (BHGE).

October 12, 2018

Ohio, North Dakota Drilling Permits Sharply Higher in July; Colorado, Texas and Wyoming Decline

A total of 3,600 permits to drill onshore in the United States were issued during July, down 28% from June but 8% higher than a year ago, as weaker numbers in Colorado, Texas and Wyoming were offset by gains in Ohio and North Dakota, according to Evercore ISI.

August 16, 2018
U.S. Land Permits Still Climbing Year-to-Date, as Texas, New Mexico, Wyoming Lead Gains

U.S. Land Permits Still Climbing Year-to-Date, as Texas, New Mexico, Wyoming Lead Gains

Requests for oil and natural gas drilling permits continued to strengthen in March, when U.S. land permits totaled 5,586, up 34% from February and 42% year/year, according to data by Evercore ISI.

April 13, 2018

Robust U.S. Land Permit Data Pointing to Another Year of E&P Outspending, Says Evercore

Strong drilling permit growth so early in 2018 points to “substantial” outspend by the exploration sector yet again, Evercore ISI analysts said.

March 26, 2018