With earnings season in full swing, we thought it helpful to outline what we are looking for in oil and gas production and refining company statements and earnings calls. Several key topics will dominate oil markets next year, and how companies are thinking about those topics now will likely play a large part in determining their strategic success next year. Drilling and Completion Costs Are Set to Continue Rising (Sectors Impacted: E&P, Service Companies) Next year is likely to see the trend of rising costs continue to impact US producers small and large. Since the start of 2017, D&C costs have risen and productivity gains have fallen. Productivity is falling because producers are expanding outside of their core acreage, drilling in slightly less prolific areas. We would expect that as drilling programs continue to expand, productivity gains will continue to suffer since producers will be forced into their less […]