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 in brief: Oxy’s ‘Bandit’ secures Gulf of America Miocene discovery
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Asset Report
Antero Resources - Lower 48 upstream
A valuation of Antero Resources upstream assets in the US lower 48.
$22,800
Insight
How could US Lower 48 rigs and supply respond to the Middle East conflict?
How much and how quickly could the Lower 48 add barrels with a surge in rig count?
$1,350
