The Basin has been widely explored with a variety of play types. Asset turnover remains high as the development maturity risk is passed between companies. However, despite a supportive State regulator, the overriding concern is BSEE and Federal lawmakers, specifically to what extent the Biden Administration will use Federal powers to override State legislation to prevent oil & gas development.
June 11, 2021
Americas - North
The Western Gulf is comprised of numerous basins, all of which have been prolific producers. Of most interest Eagle Ford Cotton Valley Navarro and Taylor groups, and the Tuscaloosa, Haynesville, Bossier, Woodbine and Travis Peak-Hosston formations.
Basin transactions are numerous and vary in size. With new development opportunities still presenting themselves and a benchmark operating environment, basinal activity remains high. However, recent price headwinds are creating a feeling of uncertainty for the basin.
Source: ESRI, BGS, USGS & OGA data
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