4min chapter

In-Basin Observations cover image

EP27 Upstream Planning And Outlook Forum Recap

In-Basin Observations

CHAPTER

Forecasting Rig Counts and Commodity Prices

This chapter dives into the analysis of future rig counts and commodity prices, showcasing varying predictions from industry panelists on the Baker Hughes rig count, WTI, and Henry Hub natural gas prices by the end of 2024. It also explores the debates between service providers positioning themselves on over versus under metrics based on oil price and net gas, while sharing evolving opinions and insights from discussions with public companies.

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