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Growth of US shale industry will hinge on discipline of operators with their capital budgets, says GlobalData Over the past ten years, oil and gas operators have been focusing on production growth at all costs, but in 2020 they switched their initiative to returning value to investors. The majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures, which means that the next few years of oil and gas production growth in the US will hinge on the discipline of operators with their capital budgets, says GlobalData, a leading...

Production in Oklahoma's Scoop Stack shale play is forecasted to hit 342,000 barrels of oil per day and 5.8 billion cubic feet per day this month, according to GlobalData's latest report. Production in Oklahoma’s Scoop Stack shale play is forecasted to hit 342,000 barrels of oil per day and 5.8 billion cubic feet per day this month, according to GlobalData’s latest report. The figures mark a 43 percent decline in oil and a 27 percent dip in natural gas from the play’s peak in September 2019, which saw highs of 604,000 barrels of oil per day and 7.9 billion cubic feet of gas per day, Glo...

Home / Oil & Energy / Oil & Companies News / Post-COVID-19 recovery in US Scoop Stack shale play will not be able to match 2019 production, says GlobalData Post-COVID-19 recovery in US Scoop Stack shale play will not be able to match 2019 production, says GlobalData The Scoop Stack, located in Oklahoma, accounts for 4.5% of oil and 7.2% of natural gas production in the United States Lower 48. This play recorded its highest month of production in September 2019, with 604 thousand barrels of oil per day (mbd) and 7.9 billion cubic feet per day (bcfd). After September 2019, the Scoop Stack has e...

The natural gas storage report from the EIA for the week ending January 15th indicated that the amount of natural gas held in underground storage in the US fell by 187 billion cubic feet to 3,009 billion cubic feet by the end of the week, which left our gas supplies just 36 billion cubic feet, or 1.2% higher than the 3,045 billion cubic feet that were in storage on January 15th of last year, but still 198 billion cubic feet, or 7.0% above the five-year average of 2,811 billion cubic feet of natural gas that have been in storage as of the 15th of January in recent years....the 187 billion cubi...