S&P Global Platts

Upstream Inflation Stress Test Research Brief

As inflation drives upstream capital costs higher, the S&P Global Commodity Insights Plays and Basins research team conducted a stress test of all major US oil and gas plays in October 2022 to assess how cost increases for upstream operators impacted well economics. Download our special report to find out how economical inventory degrades as well costs spiral assessed whether wells recouped the cost of capital when burdened by additional inflation, up to a doubling of current, mid-2022, and capital expenditures costs.


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