Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
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
Consolidation heats up for maturing US shale
Growth might not be on the table, but operators are eyeing opportunities to add quality acreage
Permian set for growth slowdown
A range of obstacles will hobble further output increases in the Lower 48’s most productive basin heading into 2023
Permian consolidation defies headwinds
Surging profits and easy access to export markets are accelerating M&A activity, despite growing inflationary pressure
UK shale drillers hope for rebirth
The new administration’s lifting of a fracking moratorium is cause for renewed optimism
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

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP and Adnoc bid a further twist in Leviathan tale
31 March 2023
Could the NOC/major play for Newmed stake precipitate further changes to the Israeli field’s expansion roadmap?
Blueberry River veto casts a long shadow
31 March 2023
Implications of settlement between British Columbia and First Nations group go beyond development of massive Montney shale formation
Kurdistan the ultimate loser in Iraq-Turkey pipeline fracas
31 March 2023
Still room for compromise amid setback for region’s oil sector
Letter from the US: Financial contagion and the oil industry – What, me worry?
Opinion
31 March 2023
Banks’ stricter lending policies will force refiners and marketers to hold fewer stocks, putting a squeeze on the oil industry

Share PDF with colleagues

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

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
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 © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search