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With oil sitting below $40, many question the outlook for U.S. unconventional oil production and economics. Operators continue to gain efficiencies in the field, push for further service cost reductions, and the cost of supply continues to shift lower. In this insight, we take a look at how production will hold up against our Macro Oils short and long term price forecasts as well as under a number of other price scenarios. While the current drop in activity will result in production decreases in the short-run, we believe this concurrently sets a production floor with flatter base declines, supporting potential strong growth post-2018 as shown in our latest long term U.S. supply forecast.
What's included?
This report includes 2 file(s)
US Lower 48 Oil Outlook.pdf PDF - 603.50 KB
US lower 48 oil outlook .xls XLS - 282.00 KB
Description
This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.
This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.
Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.
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Insight | Dec 2015
US Lower 48 oil outlook: Is the party over?
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