Name: Lower 48 supply: impacts of evolving investor demands
Brand: Wood Mackenzie
SKU: 120717
Price: 1350 USD
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Author: Wood Mackenzie

Insight 25 November 2019

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Tight oil recently delivered its most prolific growth year ever. Why, then, have we just downgraded our long-term Lower 48 crude oil forecast for the first time? Forecasting tight oil production has evolved. Price is no longer the most important driver. Rather, investor pressure is the top priority. Operating within cashflow and paying down debt is far more important than growth at all costs. In this Insight, we examine the key changes to our US onshore supply outlook. • How drastically has our US crude outlook fallen? • What are the near and long-term factors shaping our view? • Which regions have fallen the most, and where has fared better?</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle">
        <a href="#d11c18dd-a17a-4eb4-a232-21b07277143d" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="d11c18dd-a17a-4eb4-a232-21b07277143d" aria-expanded="false">
            A first time for everything: downward supply revision
        </a>
        <ul id="d11c18dd-a17a-4eb4-a232-21b07277143d" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Price is no longer the predominant driver for tight oil supply
    </li>
    <li class="push-quarter--bottom">
        Core inventory is not infinite
    </li>

</ul>
    </li>

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        <a href="#60dcab76-0458-4427-98f7-3266f37615c8" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="60dcab76-0458-4427-98f7-3266f37615c8" aria-expanded="false">
            What changed in our forecast?
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        <ul id="60dcab76-0458-4427-98f7-3266f37615c8" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Permian Basin: majors rig up while everyone else rigs down
    </li>
    <li class="push-quarter--bottom">
        Rocky Mountain region: surprisingly resilient
    </li>
    <li class="push-quarter--bottom">
        Eagle Ford & Mid-Continent: rising gas cuts threaten infill locations
    </li>

</ul>
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<li class="list__item-toggle font-semibold">
        Conclusion: a path forward
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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">Regional forecast revision H1 vs H2</li>
    </ul>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Lower 48 supply: impacts of evolving investor demands</p>
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