Western Gulf

Outline

Key Indicators

Rating

Ranking

49

Outlook

Uncertain

Commentary

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.

Updated

June 11, 2021

Outline

Region

Americas - North

Position

Onshore

Hydrocarbon

Gas

Location

Western Gulf

Description

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.

Summary

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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