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

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

Report summary

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.

What's included?

This report includes 2 file(s)

  • Lessons from the 2008-09 gas price collapse for US Oil drilling's response to current prices PDF - 268.11 KB 3 Pages, 0 Tables, 3 Figures
  • Lessons For Rigs Charts.xls XLS - 168.00 KB


This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

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

In this report there are 3 tables or charts, including:

  • Key considerations for the Onshore US oil sector
    • Oil production and horizontal rigs in the Permian, Eagle Ford, and Bakken
  • Lessons from the gas markets
    • US gas drilling by rig type with US natural gas prices
    • US oil drilling by rig type with US crude (WTI) prices
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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.