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Baker Botts' Oil and Gas Lawyers Examine 2017 Trends and Discuss Outlook for 2018

Media Alert
HOUSTON AND LONDON – February 6, 2018 - Two lawyers from Baker Botts’ global energy practice share their personal insights on several of the major U.S. and international trends that shaped the oil and gas industry in 2017. In addition, they examine their impact and offer an overview of the pertinent issues and market opportunities to watch out for in 2018.

Key forecast for 2018
  • Higher oil prices are likely in early 2018 - but will remain in the range of $50-$70 a barrel

  • Growth in global energy demand coming from non-OECD nations, such as Latin America & China

  • Continued shortage of traditional capital driving more Private Equity Joint Ventures - particularly in infrastructure and drilling projects

  • Downstream oil and gas projects attracting capital for smaller scale infrastructure, customer development and renewables

  • Increased infrastructure opportunities for companies in the Delaware and DJ basins

  • An increase in funding of management teams to acquire and operate properties

Ned Crady
Partner in the Houston Office
"A stable to a slightly rising commodity environment is going to continue to be bullish for the midstream sector in 2018."

View our Midstream Video

Hamish McArdle
Partner in the London Office
"2018 will be a better year for the industry marked by a firming of prices and a lowering of cost structures."

View our International Video

Baker Botts has more than 100 years of experience handling oil and gas matters in both U.S. and international markets, including upstream, midstream and downstream projects. Our seasoned team of lawyers is frequently called upon to help clients structure and document complex, challenging or novel cross border energy transactions, as well as defend their interests in these matters when disputes arise.

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit