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2-Oct-2018 |
Enercom - Energy Industry Data & Trends (September 2018)
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Key Summary Points:
- Interest in the Powder River Basin (PRB) has increased rapidly, with major companies making the play a main growth area;
- The Powder is currently dominated by large diversified public companies and small concentrated private firms;
- The Turner is the primary focus of current development, but the 5,000 feet of stacked
pay in the basin offers many upside opportunities;
- Well results from PRB operations can rival Permian economics, and ensuring repeatability is current goal;
- Takeaway situation in the Powder is secure, with ample oil and gas capacity;
- Recent M&A transactions suggest low cost of entry, with acres valued at approximately $4,500;
- Chesapeake has most ambitious immediate growth plans, though EOG, Devon and
Anschutz all plan to increase PRB activity in coming quarters.
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