US Lower 48 oil outlook: diminished, not doomed
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- With all the pressure on tight oil, how can it still grow?
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Three factors driving our downward revision
- 1) 2020’s activity collapse and checks on corporate spending extend the road to recovery
- 2) Challenges to the cost curve make growing even harder
- 3) Lower global oil demand: what does it mean for tight oil?
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Lower 48 scenarios: how price alters the trajectory
- Scenario 1: $30/bbl WTI flat
- Scenario 2: $50/bbl WTI flat
- Scenario 3: $70/bbl WTI flat
- Conclusion
Tables and charts
This report includes the following images and tables:
- Lower 48 oil production never recovers to its prior peak at $50 WTI long-term
What's included
This report contains:
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