Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
US shale needs to find new efficiencies
Output looks to a growth model based around doing more with less given green policy pressure, with tech advancements, equipment upgrades and fiscal tools key
Letter from London: The unbearable lightness of being US shale
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
ExxonMobil deal will transform shale and beyond
The major’s $60bn Pioneer purchase signals long-term view of oil demand and a mature consolidated shale industry
US shale starts 2023 in ‘realistic’ mood
First-quarter shale results show ongoing restraint amid signs of cost deflation
Ineos Energy leans into oil with US shale deal
Company ready to develop Eagle Ford shale after $1.4bn deal with Chesapeake Energy, chairman Brian Gilvary tells Petroleum Economist in an interview
Bakken boosts its gas infrastructure
Oil is still a serious business in the Bakken shale, but when it comes to midstream, the money is on gas
Permian still primed for growth
Expansion prospects for the dominant oil shale basin remain in 2023
Bakken faces inventory concerns
The North Dakota shale basin nears a looming acreage problem
Argentina plays midstream waiting game
The arrival of additional gas takeaway capacity this year is welcome news for E&Ps, but much more will be needed if the Vaca Muerta is ever going to replicate US shale
US rig market set for subdued year
Analysts agree there will not be any great leap forward in US shale drilling in 2023
Decline in gas rigs forecast
Shale Rigs
Peter Ramsay
30 January 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

US rig market set for subdued year

Analysts agree there will not be any great leap forward in US shale drilling in 2023

Consultancy Wood Mackenzie anticipates US onshore rig additions to be “considerably more modest this year” compared with 2022, with roughly only 50 rigs added throughout the year. And other analysts concur the market will be more subdued. Woodmac also forecasts some extent of decline in gas rigs owing to softening prices and production nearing takeaway limits. “The bulk of those reductions will likely come in the Haynesville, especially as some private companies lay down rigs,” says Ryan Duman, the firm’s research director for the Lower 48 upstream. “We are looking for major producers to continue reiterating the same messages of exercising strict capital discipline, focusing on cash flow gen

Also in this section
Andean upstream feels the heat
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
Fifty years of oil trading
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
OPEC+ keeps more barrels off market in April
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
Australia’s post-election energy priorities
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search