Insight
Lower 48 H2 2019 supply: a self-correcting market
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The boom years for Lower 48 production growth are behind us. Investor pressure and reduced budgets are taking near term volumes out of the market. But that doesn’t mean all growth is gone. As long as tier-one inventory remains, oil supply creeps up. Once core locations are exhausted though, well size drops significantly and the story pivots towards holding a plateau. For gas, associated volumes drive the market. But like oil, gas supply trends are very dependent on tight oil tier-one inventory too. Price stabilization is dependent on capital discipline in dry gas plays. In this supply Insight, we take a look at the regional Lower 48 drivers and play-level nuances that underpin our forecasts. • Which plays can still drive growth when capital is more costly? • Where specifically do we exhaust inventory first? • How could an unexpected step change in price impact our outlook?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
US upstream in brief: first oil announced at Alaska Pikka field
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Asset Report
Comstock Resources - Lower 48 upstream
Upstream valuation of Comstock's assets in the US Lower 48
$22,800
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
