When will US Lower 48 crude oil supply peak? Report

Insight 29 June 2018

Get this report*

$1,350

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

In our updated US Lower 48 outlook for H1 2018, crude and condensate production in 2018 averages 8.5 million b/d and reaches peak production at 11.7 million b/d. Higher oil prices have brought increased pressure for additional shareholder distributions as the price downturn and 'lower for longer' mentality remain a vivid memory for investors. Capital discipline and balancing shareholder demands with growth aspirations represent a key shift in mindset for US Lower 48 operators in the face of a price rally. Leveraging our recent H1 2018 oil market outlooks and type curve updates, we provide our latest long-term oil supply view and answer the below questions: When will US Lower 48 crude oil supply peak and at what level? Where are the key areas for growth – is it all about the Permian? What is the impact of changing corporate mind-set and the role of the Majors? What are the key risks and assumptions to our view?