What Lower Oil Prices Mean for Exploration and Production

The video discusses the current state of the oil market, focusing on the demand-supply imbalance affecting ENP companies. It highlights global demand pressures, particularly in Europe and developing countries, and the impact of US shale plays on supply growth. The video also examines break-even costs in different shale plays and the exposure of companies like Continental and Exxon Mobil to fluctuating oil prices.

What is the primary issue affecting the recovery of ENP companies despite oil prices rebounding?

• Lack of supply

• Demand-supply imbalance

• High production costs

• Government regulations

Which factor is primarily responsible for the growth in the US shale plays?

• Government subsidies

• Strong growth in major shale plays

• Technological advancements

• Increased global demand

Which of the following shale plays is known for having a slightly higher cost?

• Permian

• Bakken

• Eagle Ford

• Marcellus

How does Exxon Mobil mitigate its exposure to low oil prices?

• Focusing solely on upstream operations

• Investing in renewable energy

• Diversifying with a downstream business

• Reducing workforce

Which company is more exposed to the Bakken shale play?

• BP

• Continental

• Chevron

• Shell