Insight
US Lower 48 upstream: 2024 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2024 was a year of efficiencies in the Lower 48 as operators focused on minimizing downtime in the field and advancing new technology. M&A momentum carried into 2024 and as a result basin leaders were reshuffled. Gas faced a more challenging year, with Waha going negative several times and top gas operators curtailing production.
Table of contents
- Executive summary
- 1. Operational efficiency gains are sticky
- 2. Consolidation reshapes the corporate landscape
- 3. Low prices drive US natural gas strategy
- 4. Regulatory and environmental challenges intensify
Tables and charts
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What's included
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