Evercore

North American Onshore Rig Count, Prices Likely Strengthening Through Year, Says Evercore

North America’s onshore rig count remains strong, with an estimated 100 more rigs likely to be raised through year’s end, Evercore ISI said Monday.

March 19, 2018

Early Strength of U.S. Land Permitting Potentially a Tell-Tale Sign of Higher Rig Count

With West Texas Intermediate crude oil prices charging toward $70/bbl, concerns are overblown that the U.S. rig count will slow, according to Evercore ISI.

January 16, 2018
U.S. E&P Permit Gains Indicate ‘Finger on the Trigger’ Heading into New Year

U.S. E&P Permit Gains Indicate ‘Finger on the Trigger’ Heading into New Year

Onshore permit activity continues to quicken, a sign the U.S. rig count could strengthen into the new year.

December 15, 2017
NatGas Rigs Up Three As U.S. Weekly Combined Count Falls By One

NatGas Rigs Up Three As U.S. Weekly Combined Count Falls By One

The United States added three natural gas-directed rigs for the week ended Friday, but a decline in oil drilling saw the domestic count fall by one overall, according to data from Baker Hughes Inc. (BHI).

December 15, 2017
U.S. E&Ps Seen Raising 2018 Capex by 15%, with Canadian Spend 9% Higher, Says Evercore

U.S. E&Ps Seen Raising 2018 Capex by 15%, with Canadian Spend 9% Higher, Says Evercore

A pivotal year awaits exploration and production (E&P) companies worldwide, with capital spending on course to increase 7% overall, led by a 15% gain in U.S. onshore-weighted budgets, according to Evercore ISI’s annual survey.

December 13, 2017
U.S. Rig Count Bounces Back, Adds Nine on Oil Gains in Permian, SCOOP/STACK

U.S. Rig Count Bounces Back, Adds Nine on Oil Gains in Permian, SCOOP/STACK

After more than a month of retrenchment, the U.S. rig count bounced back for the week ended Friday on growth in oil-focused activity in the Permian and Midcontinent, according to data from Baker Hughes Inc. (BHI).

November 10, 2017
U.S. Rig Count ‘Inflection Point’ Possible as Permits Near Pre-Downturn Levels, Says Evercore

U.S. Rig Count ‘Inflection Point’ Possible as Permits Near Pre-Downturn Levels, Says Evercore

The domestic rig count could be nearing an inflection point as the current tally of weekly average drilling permits approaches 2014 levels, driven by higher commodity prices and “a strengthening macro outlook” for the industry, according to analysts with Evercore ISI.

October 12, 2017
Evercore Increases 2017 U.S. Rig Count Outlook as Year Ends on ‘Hopeful Note’

Evercore Increases 2017 U.S. Rig Count Outlook as Year Ends on ‘Hopeful Note’

Many people look back during the holiday season and reflect about how quickly the year has passed, but if “time flies when you’re having fun,” 2016 could not end soon enough for the oil and gas industry.

December 27, 2016

Under Trump, Predictions of OFS Revival, Brief Lame Duck Session

Analysts with Evercore ISI said they expect the oilfield services (OFS) sector will enjoy a “vigorous recovery” under a future Trump administration, complete with increasing rig and well counts and a recovery in commodity prices.

November 9, 2016
North American E&Ps to Cut 2016 Capex by 41%, with Onshore Spend Down by Half, Says Survey

North American E&Ps to Cut 2016 Capex by 41%, with Onshore Spend Down by Half, Says Survey

North America’s oil and gas operators, more than any group worldwide, are enduring the “most extreme” capital spending cuts, with expenditures likely to drop by 41% on average from 2015 and the onshore sector seeing the most pain, according to Evercore ISI.

June 6, 2016