United States Oil and Gas Report - Business Monitor International - Industry Reports

United States Oil and Gas Report

United States Oil and Gas Report - Business Monitor International - Industry Reports
United States Oil and Gas Report
Published Oct 08, 2016
171 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Higher US natural gas prices are sufficient to support growth from the improved cost structures in the Marcellus shale play, accelerating the growing dominance of the formation as a proportion of US natural gas supply. Over the last two years some of the key independent producers in the Marcellus have reduced the cash cost of production to under USD-.--/mnBTU. ...This will close overseas arbitrage opportunities and limit demand for US crude exports. The price-elastic US consumption has reacted strongly to low prices at the pump, increasing both vehicle miles travelled and the use of less fuel-efficient vehicles. While the demand outlook for gasoline is positive for ----, on the supply side bulging stockpiles will cap fuels prices over the remainder of the year. ...Only -.-mntpa (-.- ) of contracted US volumes are designated for Latin America, specifically to Chile. However, we believe a share of contracted volumes with unspecified destination clauses, as well as spot market cargoes, making up a total of --.-mntpa, are likely to head south.

...Lower oil prices will hinder exploratory efforts in less developed or frontier acreage throughout the country, resulting in a greater focus on more profitable sweet spot blocks. Converging US benchmark prices with those abroad, both in oil and natural gas, is undermining once robust arbitrage opportunities for exports of newly liberalised crude and forthcoming LNG. ...Converging US benchmark prices with those abroad, both in oil and natural gas, is undermining once robust arbitrage opportunities for exports of newly liberalised crude and forthcoming LNG. While the outlook is brightening modestly for East Coast refiners, the region s downstream sector remains vulnerable to high prices and falling product demand, especially given that much of the infrastructure built to access cheap domestic feedstock is on rail, making it more expensive to move crude. Low natural gas prices and reduced profitability have kept producers from investing in natural gas production and export facilities to a greater extent. ...Much of this debt is held by smaller independents and these markets are among those most exposed to company defaults and more aggressive slowdowns in spending. Globally, US shale producers announced the largest percentage reductions in capex in ----.

...As the US market continues to rebalance, operators and oilfield service (OFS) providers await a more pronounced recovery in oil prices that would persuade an uptick in upstream activity. After a volatile H---, benchmark prices are now expected to stabilise above the USD--/bbl mark for the remainder of the year, encouraging shale developers to reassess, and eventually increase their investment plans for the first time since the downturn. ...

  
Source:
Document ID
1748-4359
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United States Oil and Gas Report" Oct 08, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-States-Oil-and-Gas-Report-2026-344>
  
APA:
Business Monitor International - Industry Reports. (2016). United States Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-States-Oil-and-Gas-Report-2026-344>
  
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