Name: The demise of volatility - is US shale still exciting?
Brand: Wood Mackenzie
SKU: 148756
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Author: Wood Mackenzie

Insight 19 December 2022

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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US shale is set for a monotonous year in 2023. Single digit growth, managing cost inflation, minimal OFS capacity additions and a conservative narrative remain dominant industry themes. In fact, “stay flat” persists as industry lexicon in many of our research meetings. An unexciting year of managed producer margins amid high prices serves US upstream best for the long term though. But delivering this level of stability is diving headfirst into unchartered waters for US shale</div>
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        Executive summary
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        <a href="#2500c4c3-e617-4dd5-9829-11f6d20642bd" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="2500c4c3-e617-4dd5-9829-11f6d20642bd" aria-expanded="false">
            Entrenched instability
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        Compared to conventional
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        2022 proof of concept
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        2023 expectations
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        <a href="#585c578c-0000-4311-a4b2-7ab456782e5a" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="585c578c-0000-4311-a4b2-7ab456782e5a" aria-expanded="false">
            Has US shale matured or is it having a midlife crisis?
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        Inelastic activity benefits
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        Missed opportunity to be more responsive?
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        Mapping inelasticity
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        Financial health as a spark
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        Smooth now but rough(er) waters ahead
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        <li class="list__item push-quarter--bottom">Charting the ongoing conservative reinvestment plan</li><li class="list__item push-quarter--bottom">Upstream capex fluctuations</li><li class="list__item push-quarter--bottom">Funding for 2022 shale deals</li><li class="list__item push-quarter--bottom">Drilling to price relationship</li>
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<p class="font-regular" >The demise of volatility - is US shale still exciting?</p>
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