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