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The demise of volatility - is US shale still exciting?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
Table of contents
- Executive summary
-
Entrenched instability
- Compared to conventional
- 2022 proof of concept
- 2023 expectations
-
Has US shale matured or is it having a midlife crisis?
- Inelastic activity benefits
- Missed opportunity to be more responsive?
- Mapping inelasticity
- Financial health as a spark
- Smooth now but rough(er) waters ahead
Tables and charts
This report includes 4 images and tables including:
- Charting the ongoing conservative reinvestment plan
- Upstream capex fluctuations
- Funding for 2022 shale deals
- Drilling to price relationship
What's included
This report contains:
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