Related Articles
Private E&Ps, Permian-based independents and majors are leading the supply surge
Forward article link
Share PDF with colleagues

Letter from Houston: Lower 48 outlook strengthening

Climbing commodity prices and rampant drilling activity are lifting shale production guidance

The US onshore industry received a shot in the arm this year with oil markets remaining close to the $80/bl mark, driven by expectations of stable demand growth and economic activity steadily ramping up around the world. The horizontal oil rig count is up by nearly 130pc from a year earlier, and current prices make drilling economic across most onshore regions. While the top-producing Permian basin remains the most active play by far, south Texas’ Eagle Ford, the Bakken, the DJ and Powder River basin and other positions have all seen a steady clip of expansion, boosting their contribution to the country’s onshore operations. The number of active counties (counties with at least one horizon



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
US renewables sector faces near-term challenges
26 January 2022
Supply-chain issues and rising costs present short-term difficulties for sector poised for rapid growth
INOC sets the stage for oil uptick
26 January 2022
Control for Iraq’s new NOC of one of the country’s biggest oil assets may just be a first step in Baghdad’s strategy
TotalEnergies quits Myanmar
25 January 2022
The French major is transferring its stake in the Yadana gas field to its partners
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video