Insight
Lower 48 oil and gas supply outlook H2 2023: a new paradigm
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Report summary
Lower 48 supply is growing, but the pace of growth is decelerating. Consolidation, capital discipline and elevated well costs are moderating forces. Inventory depletion begins impacting the forecast by the end of this decade. Keep an eye on the Permian Basin to drive both oil and natural gas supply growth over the next five years.
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