Insight
When will US Lower 48 crude oil supply peak?
*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?
Table of contents
-
Executive Summary
- See the Wood Mackenzie oil price outlook landing page for our latest oil market outlooks.
Tables and charts
This report includes the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Insight
US Upstream: Five things to look for in 2017
Our predictions for US Upstream in 2017 covering cost inflation, onshore and offshore drilling, oil supply, productivity gains and more.
$1,350
Asset Report
Occidental Petroleum - Lower 48 upstream
Upstream valuation of Oxy's assets in the US Lower 48
$22,800
Asset Report
bpx Energy - Lower 48 upstream
Upstream valuation for bpx Energy's Gulf Coast and Permian assets.
$22,800
