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Week of October 31, 2011Volume 01, No. 06

Need an update on Oil & Gas price decks by major banks? Who's bullish, who's bearish?

Slide

Oil Price Forecasts

 Slide

Gas Price Forecasts

Well, then PLS' new docFinder database can help! Sign Up Now for a free trial to see what all of the talk is about. The slides above are from a Wells Fargo presentation from November 1st. This presentation, among thousands of others, can be at your fingertips and instantly searchable with a subscription to the docFinder database.

This database has captured AND catalogued over 200,000 historical slides from the industry and is continuously updated with current data by a team of experts who have their “eyes on the slides”. Utilizing the latest technology combined with a friendly and intuitive interface, you now have a “one of a kind” database to tap into the rich datasets presented by the industry on a regular basis.

PLS now provides you with the ability to QUICKLY find the data you need, including:

  • Price Decks - What are the major banks current forecasts?
  • Fundamentals - View the actual slide forecasting 3.0 MMbbls/d from the shales by 2025!
  • Breakeven – View all the shales by breakeven price : Two opinions!

In a matter of minutes, rather than hours/days, you can produce a quick analysis such as:

Q4 2011Q1 2012Q2 2012Q3 2012Q4 201220132014
Natural Gas
Deutche Bank$4.50$5.00$4.75$5.00$5.25$5.50$5.75
Goldman Sachs$4.25$4.50$4.25$4.00$4.25----
Wells Fargo$4.15$4.55$4.55$4.55$4.55$5.15$5.50
Credit Suisse$4.05$4.25$4.15$4.35$4.70$4.90$5.50
WTI Oil
Goldman Sachs$114$117$125$129$130----
Barclays$102$101$101$107$118$125$131
Wells Fargo$93$88$88$88$88$94$90
JP Morgan$90$90$90$100$110$115--
Credit Suisse$75$80$87$90$87$107$115
Citi Group$75$70$65$73$80$93--

Source: Nov. 1st 2011 Wells Fargo presentation; data interpolated by PLS, Inc.

featured.slides

Slide Slide Slide Slide

Peak Oil? History
October 27, 2011

Peak Oil? Future
October 27, 2011

Breakeven Prices 1
October 27, 2011

Breakeven Prices 2
October 27, 2011

Courtesy of Newfield, this slide dramatically shows the REVERSAL of 30 years of domestic oil declines. Pay particular attention to the green bars which shows onshore US oil production bottoming in 2005 at less than 3 MMbbls/d. Click for the full presentation.

Courtesy of Newfield (sourced by PIRA), this slide from the same presentation shows oil growth to 3.0 MMbbls/d by 2025. When viewed in context of the slide on the left, the oil shales are expected to produce the same amount as ALL onshore US oil in 2005.

In a presentation addressing the impact of gas shales geopolitically, PLS captures this slide which presents Mean Technically Recoverable Resources (Tcf) of natural gas by play versus the Breakeven price. Only Eagle Ford Tier 1 is profitable at sub $4 gas.

Courtesy of Tudor Pickering & Holt & Co., is another slide of each gas shale versus breakeven price. The key takeaway of this is that $4 gas is NOT the LONG TERM price. In terms of profitability, this slide ranks the Marcellus as the best gas shale in the country. Click here for the presentation.

featured.transactions

DateHeadlineValue
11/01/11 Legacy acquires Permian and Wyoming assets $73MM
10/31/11 TNK-BP acquires additional 45% interest in 21 Brazilian blocks $1,000MM
10/31/11 North American Energy acquires certain Gulf Coast assets $175MM
10/31/11 Energy partners buys more GOM assets from Stone Energy $80MM

Source: PLS M&A Database

featured.deals

AMX PACKAGE EAST TEXAS MULTI PAY PROSPECT
10,000 Acre. 3-D Prospects
WELL CONTROL & 3D SEISMIC
Cretaceous Woodbine & Eagle Ford
Cotton Valley Sandstone
Neocomian Travis Peak
Deep Jurassic Bossier
SubClarksville & Pecan Gap Chalk
100% OPERATED WI FOR SALE
Shallow Offsets: Travis Peak & Woodbine
Offsets Deep Major Oil Company Well
Several New Plays & Area Discoveries
Possible Reserves: 880 BCF
Infrastructure In Place.
Encana & Conoco- Bossier Sandstone
--DETAILED INTERNET DATA ROOM
DV 9030L
View Details
CHAMPION PROSPECT FRIO CO., TX PROSPECT
~11,500-Acres. 2- Acreage Blocks
EAGLE FORD OIL WINDOW
E-BENCH POTENTIAL
Buda, Austin Chalk Also Possible
Olmos & Escondido Formations.
PEARSALL SHALE
Eagle Ford Shale Lies: 5,800-6,500 Ft
65-100% OPERATED WI; 75% NRI
Offset Buda Lime IP: 1,000 BOPD
ACTIVE AREA
Seller Owns All Rights
Individual Well Estimates: 350-675 MBO
SELLER SEEKS PARTNER TO DRILL
WANTS 3 WELL COMMITMENT
L 6553DV
View Details

featured.listings

LARAMIE CO., WY LEASEHOLD
7-Township Area. ~36,763-Gross Acres.
NORTHERN DJ BASIN
NIOBRARA OIL PLAY
Consolidated Acreage Position.
Niobrara "B" Chalk. ~5,000-6,000 Ft.
Leases Cover All Depths.
Additional Horizontal Targets.
100% OPERATED WI; ~80% NRI
All Fee Leases.
Most Leases Expire Late 2012.
CA REQUIRED
AGENT WANTS OFFERS NOV 8, 2011
L 7619DV
View Details 		L SOUTH TEXAS PRODUCTION SALE
15-Active Wells. 4,736-Gross/Net Acres.
ZAVALA & DIMMIT
PEARSALL AUSTIN CHALK
Producing From ~6,000 Ft.
Rights Surface To Base Austin Chalk.
Varying WI/NRI; Operated & NonOperated
6/11 Net Production: ~21 MBO & ~7.7 MMCF
Avg Net Cash Flow: ~$115,000/Mn
CALL SELLER FOR DETAILS
PP 7046
View Details 		L
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