Unconventional Production in the US Lower 48, H1 2023
Summary
The US crude oil production has been on a positive trend in 2023 amid heightened geopolitical tensions in Eastern Europe and the Middle East. Additionally, a rise in international demand for petroleum products also played a pivotal role in bolstering oil production in the country. Nearly 75% of the US crude production so far in 2023 was obtained from the shale plays in the Lower 48 (L48) region. Permian Basin, DJ Basin, Eagle Ford, and Bakken are the major oil shale plays in the US, while Haynesville, Marcellus, Utica, and Scoop Stack are major gas shale plays.
Scope
- The report analyses the crude oil and natural gas appraisal and production activities in the US Lower 48 shale plays.
- Comprehensive analysis of crude oil and natural gas historical production in US L48 shale plays during 2020-27
- Detailed information of well development, permits and deals across US L48 shale plays
- In-depth information of economic viability, well productivity and well completion parameters across major shale plays in the US
- Analysis of top companies’ net acreage, and planned capital expenditure in 2023
- Up-to-date information on major mergers and acquisitions across major shale plays during 2023
- Develop business strategies with the help of specific insights into the major shale plays in the US
- Plan your strategies based on economic viability and expected developments in the major US shale plays
- Keep yourself informed of the latest M&A activity in across major shale plays
- Identify opportunities and challenges in across major US shale plays
- Major Developments in the US Lower 48, 2023
- Table Figure 1: Crude oil production in the US, January 2019- September 2023 (mbd)
- Table Figure 2: Rig count in the US shale and West Texas Intermediate (WTI) price trend, 2019-September 2023
- Table Figure 3: Shale gas production in the US and Henry Hub price trend, 2019-September 2023
- Lower 48, Historical Production and Short-Term Outlook
- US Lower 48, Historical Production and Short-Term Outlook, 2020-2027
- US Lower 48, Crude Oil Production Outlook by Major Shale Plays, 2020-2027
- Table Figure 4: Annual crude oil production outlook across major shale plays, 2020-2027
- US Lower 48, Natural Gas Production Outlook by Major Shale Play, 2020-2027
- Table Figure 5: Annual natural gas production across major shale plays, 2020-2027
- US Lower 48, Crude Oil Production Outlook by Major Shale Plays, 2020-2027
- US Lower 48, Historical Production and Short-Term Outlook, 2020-2027
- US Lower 48, Recent Developments and Trends among Major Shale Plays
- Well Development Activity, January - June 2023
- Table Figure 6: Wells developed across major US shale plays, January - June 2023
- Rig Count, January - June 2023
- Table Figure 7: Rig count across major US shale plays, January - June 2023
- Drilled Uncompleted Wells, January - June 2023
- Table Figure 8: DUC wells count and total count of wells completed in US L48, January - June 2023
- Well Permits, January - June 2023
- Table Figure 9: Well permits and wells drilled in major shale plays, January - June 2023
- 1.1 Deals, January - June 2023
- Table Figure 10: Deals announced in major shale plays, January - November 2023
- Well Development Activity, January - June 2023
- US Lower 48, Economic Viability
- Crude Oil Break-even Price across Major Shale Plays
- Table Figure 11: Crude oil break-even price across major US oil shale plays
- Natural Gas Break-even Price by Major Shale Plays
- Table Figure 12: Natural gas break-even price across major US gas shale plays
- US Lower 48, Well Productivity
- 30 days Initial Oil Production by Major Oil Plays
- Table Figure 13: Crude oil IP30 rates of major shale plays, January 2021 - June 2023
- 30 days Initial Gas Production by Major Gas Plays
- Table Figure 14: Natural gas IP30 rates of major shale plays, January 2021 - June 2023
- Estimated Ultimate Recovery of Crude Oil by Major Oil Plays
- Table Figure 15: Crude oil EUR by major shale plays, January 2021 - June 2023
- Estimated Ultimate Recovery of Natural Gas by Major Shale Plays
- Table Figure 16: Natural gas EUR by major shale plays, January 2021 - June 2023
- 30 days Initial Oil Production by Major Oil Plays
- US Lower 48, Well Completion
- Average Lateral Length by Major Shale Plays
- Table Figure 17: Average lateral length by major shale plays, January 2021 - June 2023
- Average Proppant Mass by Major Shale Plays
- Table Figure 18: Average proppant mass by major shale plays, January 2021- June 2023
- Average Proppant Mass per Lateral Length by Major Shale Plays
- Table Figure 19: Average proppant mass per lateral length by major shale plays, January 2021 - June 2023
- Average Lateral Length by Major Shale Plays
- US Lower 48, Cost Trend
- Average Well Costs by Major Shale Play
- Table Figure 20: Average well costs by major shale plays
- Average Well Costs by Major Shale Play
- Crude Oil Break-even Price across Major Shale Plays
- US Lower 48, Analysis of Top Companies
- Total Net Acreage of Major Operators
- Table Shale play-wise acreage of the major companies in the US, 2023*
- Hydrocarbon Production of Major Companies, 2022
- Crude oil and condensate production of leading operators across major US shales
- Table Crude oil and condensate production of major operators by shale plays, 2022 (mbd)
- Natural gas production of leading operators across major US shales
- Table Natural gas production of major operators by shale plays, 2022 (mbd)
- Crude oil and condensate production of leading operators across major US shales
- Planned Capital Expenditure for Major Operators in 2023
- Table Capital expenditure by major companies, 2022-23 ($M)
- Total Net Acreage of Major Operators
- Mergers and Acquisition Activity in the US Lower 48, 2022 - 2023
- Overview of M&A Activity
- Table US L48, major deals by oil and gas companies, 2022 - November 2023
- Overview of M&A Activity
- Appendix
- Abbreviations
- Methodology
- Coverage
- Secondary Research
- About GlobalData
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