The move helps shore up its partner in Russia and increases market share as Halliburton, Baker Hughes merge.
If oil stays at $47/bbl, the Bakken and Niobrara would see the greatest reduction in activity because the plays have higher breakevens ($65/bbl and $62/bbl, respectively) than the Eagle Ford and Permian ($50/bbl and $54/bbl), according to the report.
The nosedive of oil prices has affected majors such as BP and private shale drillers.
In the past six years, Antero has more than quadrupled its net Appalachia acreage to 542,000 acres.
Capex might fall as much as 30% in 2015, analyst says.
Tracking 1,000 boe/d wells from 2014 could predict this year’s best drilling areas.
As always, out of adversity spring opportunities. Here are ways to play the current low-price commodity cycle.
The drop might not be so precipitous in the US due to horizontal drilling.