Insight
US tight oil: can it deliver strong growth?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Growth in US Lower 48 crude oil production is relentless Activity has surged in the last 18 months, supported by rising crude oil prices and continued increasing intensity and pace of completions. Strong rig additions through early-2018 are now translating into surging supply: annual average crude oil growth in 2018 is forecast at close to 1.3 million b/d. With the inclusion of NGLs, the US Lower 48 will add close to 6 million b/d to global supply by 2025. The key driver of growth remains the Permian, but a number of challenges will need to be overcome to realise full potential: infrastructure constraints, water costs, service sector cost inflation, to name but a few.
Table of contents
- For the Macro Oils Service H1 2018 long-term price outlook and full data set, please see here .
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
What does the global oil market look like in 2019?
What's in store for the oil market in 2019? We consider OPEC behaviour, US tight oil production, global demand and geopolitical risk.
$1,350
Commodity Market Report
![]()
Macro Oils long-term outlook H2 2018: navigating structural change
Where will long-term oil prices land in a world of higher cost supply and peak oil demand?
$11,750
Insight
Energy Pulse: The US oil industry is consolidating as growth slows
The US$58 billion Devon-Coterra deal reflects investors’ demands for scale and stable revenues as the US tight oil industry reaches maturity
$3,000
