Insight

Lessons from the 2008-09 gas price collapse for US Oil drilling's response to current prices

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Wood Mackenzie's analysis of the sub-play breakevens and likely response to low prices for companies active in tight oil plays, indicates that there is likely to only be a marginal impact to production growth from these areas in the near-term, supporting continued strong US crude oil production in the first half of 2015.

Table of contents

  • Key considerations for the Onshore US oil sector
  • Lessons from the gas markets

Tables and charts

This report includes 3 images and tables including:

  • Oil production and horizontal rigs in the Permian, Eagle Ford, and Bakken
  • US gas drilling by rig type with US natural gas prices
  • US oil drilling by rig type with US crude (WTI) prices

What's included

This report contains:

  • Document

    Lessons from the 2008-09 gas price collapse for US Oil drilling's response to current prices

    PDF 268.11 KB