CENTENNIAL, Colo.--(EON: Enhanced Online News)--East Daley Capital Advisors, Inc., an energy assets research firm bringing greater transparency to the financial market, announced today the industry’s first report to track near real time rig and well dynamics by processing systems across the major active basins in the U.S.
“There is no other source available that includes IP rates, well counts and drill times by midstream system and provides these near real-time metrics on the key elements that are driving system level profitability for midstream companies.”
“This report will change how the market monitors the impact of rigs and wells drilled on a system,” said Justin Carlson, VP and Managing Director, Research at East Daley Capital Advisors. “There is no other source available that includes IP rates, well counts and drill times by midstream system and provides these near real-time metrics on the key elements that are driving system level profitability for midstream companies.”
Using a proprietary asset-level allocation model, East Daley researchers have obtained details on how rigs are allocated to individual assets, providing more granular insight into how each asset is trending relative to the basin and the company that owns it. The report also includes statistics on the 30-day average Initial Production (IP) rates and drill times to provide greater insight on the impact of rig activity.
“We all know that the Permian continues to dominate rig increases across the U.S. - up around 20 in the last 5 weeks, alone. However, what’s even more meaningful is that ETP’s Regency Delaware system accounts for around eight of the additional 20. Given the system average drill times and IP rates, that adds around 15 MMcf/d of incremental production from just those rigs in the next month. That’s where the rubber meets the road,” added Carlson.
When the Midstream Activity Tracker is combined with East Daley’s system level legacy volumes and shipping rates, further analysis can be conducted to determine current and future margin expectations by system.
For more information about the Midstream Activity Tracker or to get a demo of East Daley’s asset-level advisory service, visit http://eastdaley.com/request-a-trial/.
About East Daley Capital Advisors, Inc.
East Daley Capital Advisors is an energy assets research firm bringing greater transparency to the financial market. East Daley’s unique, proprietary research combined with proven commodity intelligence, enable North American energy capital markets to make more informed and accurate projections and investments. Founded in 2014, the company is based in Centennial, Colorado. For more information visit http://www.eastdaley.com.