U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
Analysts from Standard Chartered have predicted that U.S. crude output will clock in 300 kb/d lower than the pre-pandemic peak by the end of the year
Source: oilprice.com
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How the Western Hemisphere Became The Driver of Oil Production Growth
The growth in oil production in the Western Hemisphere actually captured all the growth in global oil demand in the decade 2012 through 2022.
Source: oilprice.com
U.S. Merger Boom Could Slow Shale Production Growth
Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly-traded companies
Source: oilprice.com
New Research Could Make Shale Oil Production Cheaper
New research concludes that brine is just as effective in EOR operations as more expensive surfactants
Source: oilprice.com
U.S. Shale Still Not Convinced To Invest More In Growth
Even with prices above $100 last year, U.S. shale drillers went about production growth cautiously, and now shale producers say they need to see oil higher for longer to return to production growh
Source: oilprice.com