Keeping US shale afloat
Improving drilling and completion efficiency is crucial for the industry to accelerate cashflow and remain economically viable
Unconventional drilling has come of age, and US independents are more effective than ever. Average feet drilled per day has risen by nearly 20pc since 2015, a testament to the technical advances fuelling the shale revolution. Yet unconventional E&P companies have consistently suffered negative cash flow and weak balance sheets, even during price upswings. To achieve financial sustainability, companies need to focus on capital efficiency across the value chain. The recent collapse in oil prices brings a sense of urgency to this endeavour. Here, we will consider how to embed capital efficiency in well delivery and suggest tactical improvements for independents to adopt. Creating value in w
Also in this section
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources
26 March 2024
Strategic stocks have become as much a market management tool as a security of supply buffer, and this new tactic is likely to continue beyond the next election
25 March 2024
Low carbon intensity and sizeable projects such as Johan Castberg coming onstream in late 2024 suggest a robust outlook at least until 2030