Related Articles
Lack of drilling activity in the US is stalling full production recovery
Forward article link
Share PDF with colleagues

US shale upsurge put on hold

Domestic production has gradually crept up since the worst of the pandemic, but significant growth is unlikely to take place before 2023

The financial discipline of the US light-tight oil (LTO) industry has been impressive since the industry suffered a wave of bankruptcies and near-death experiences in the early days of the Covid-19 pandemic. US LTO production has begun to rise since bottoming out early this year, but this is not due to a major revival in drilling activity, despite the price of North American crude marker WTI rebounding in recent months into the $50-70/bl range—the kind of prices that powered the 2017-2019 output surge following Saudis Arabia’s failed 2014-16 oil price war (see Fig.1). At present, US LTO production is being pushed higher mainly by substantial productivity gains and completions of drilled-bu



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Trinidad scrambles to prevent gas nosedive
17 September 2021
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
Nigerian reforms leave lingering doubts
16 September 2021
Questions remain over some specifics of the recently passed Petroleum Industry Bill and whether the reforms will be enough to jumpstart the country’s stalled upstream
Tullow-led joint venture reveals revised Kenya plans
16 September 2021
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video