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Higher Oilfield Costs to Continue in 2019

February 1, 2019 at 8:31 AM / by Wood Mackenzie Supply Chain

Jan2019 Bloomberg Article Image

As the new year begins and E&Ps continue to face pressure to focus on returns, operators remain on the lookout for incisive market data and forecasts that provide greater visibility into potential risks and opportunities. 

Bloomberg recently reported on insights jointly issued by Wood Mackenzie and PowerAdvocate, in which industry analysts shared a perspective on what to expect for tight oil well costs in 2019. Specifically, the report explores the impact of various market pressures on ongoing Lower 48 well cost volatility. While overall well costs are predicted to increase by 9%, higher rates of inflation are expected in several regions (most notably the Permian) and with smaller operators expected to be more greatly impacted.

To view the full report, complete the form on the right and access detailed insights such as: 

  • Region-specific price projections for key materials and services such as rig mobilization, fluid hauling and drill pipe
  • Key inflation drivers
  • Potential actions E&Ps can take to avoid cost inefficiencies
  • ...and more

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