Insight
Lower 48 oil and gas supply: bouncing back, but not immune to the energy transition
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We have updated our Lower 48 oil and gas supply outlook to 2050. After three consecutive forecast downgrades, we are upgrading our short- and medium-term oil production view. We expect oil supply to grow between now and 2025, before entering a plateau. Lower forecasted oil prices along with inventory constraints in the 2040s result in a late-term oil production downgrade. The Permian drives both oil and gas production growth for the Lower 48 in the short- and medium-term. Permian associated gas production is also the main gas growth driver until the 2040s when it starts to decline.
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
Lower 48 long-term oil and gas supply outlook: H2 2024
How will Lower 48 oil and gas supply evolve and what has changed since the March 2024 outlook?
$1,350
Insight
How offshore companies are structurally changing the competitive landscape
Consolidation, alliances, diversified business models, together with market tightness have helped suppliers regain pricing power.
$1,350
Insight
Lower 48 long-term oil and gas supply outlook: H1 2024
How will inventory, M&A and base decline rates shape the future Lower 48 supply trajectory?
$1,350
