In what is called a “remarkable turnaround,” the second quarter was the first three-month period on record for Lower 48 explorers overall to achieve positive cash flow from operations after accounting for capital spending.
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More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’
An evolving strategic focus on capital discipline by U.S. onshore exploration and production (E&P) companies that began quietly within the last couple of years is expected to become far more widespread in 2018, with nearly half of a sampled group of independent producers — mostly in the Permian Basin — generating free cash flow (FCF) in 2018, according to BTU Analytics.
February 26, 2018
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