Private E&Ps, Permian-based independents and majors are leading the supply surge
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 horizonta
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LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
