Fitch Publishes U.S. Onshore Drillers Dashboard

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has published the third edition of its U.S. Onshore Drillers Dashboard, a publication that explores key topics affecting issuer credit profiles for the sector in the U.S.

Items discussed in this edition include:

--Oil prices remain weak, but lower price volatility exhibited;

--U.S. rig counts mirror prices with decline rates moderating;

--Slower, longer recovery expected;

--Continued efficiency gains may lead to 'new normal' run-rate.

The 'U.S. Onshore Drillers Dashboard' is available on Fitch's website at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Relevant Research:

--'Statistical Review of US Independent E&Ps -- Price Induced Pain Deferred Until 2015'(May 18, 2015);

--'High Yield E&P Stress Test -- Examining Exposure to the Downturn' (April 20, 2015);

--'Full Cycle Costs Drop for North American E&Ps: Efficiency Gains Show Up in 2014 Numbers' (March 24, 2015);

--'Fitch Oil and Gas Assumptions Summary' (Feb. 11, 2015);

--'Production Sharing Contracts; Countercyclicality Supports Debt in a Low Oil Price Environment' (Jan. 28, 2015);

--'E&P Borrowing Base Redeterminations: History Suggests Lenders May Go Easy in a Downturn' (Dec. 5, 2014);

--'U.S. LNG Dimming Prospects? -- Low Oil Prices, Supply/Demand Profile, Asian LNG Pricing Introduce Outlook Uncertainty' (May 7, 2015);

--'U.S. Rig Counts Under Pressure -- Downcycle to Fewer than 1,000 Rigs Followed by Longer, Slower Recovery' (Feb. 5, 2015).

U.S. Onshore Drillers Dashboard

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=867847

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View source version on businesswire.com: http://www.businesswire.com/news/home/20150625006166/en/

Fitch Ratings
Dino Kritikos
Director
+1-312-368-3150
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Brad Bell
Associate Director
+1-312-368-3149
or
Colin Cordes
Analyst
+1-312-368-3120
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

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