Insight
H2 2020 Lower 48 supply: recovering towards a new peak
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Report summary
We have updated our long-term oil and gas forecast for H2 2020 and have extended our outlook to 2050. The 2020 price crash brought Lower 48 activity to new lows, but oil growth returns by 2022. Cost deflation across oil and gas plays has lowered the cost curve, but operators are focused on maintaining production and capital discipline even in a higher price environment. Commodity prices remain a critical variable to the growth outlook. See the attached download for the main deliverable of this report.
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