United States of America (USA) Lower 48 Unconventional Oil and Gas (Major Shale Plays) Market Analysis, Trends, Competitive Benchmarking, Deals and Forecast, 2021-2026
Summary
Oil and gas shale plays across United States L48 play a vital role in the economy of the country as nearly three-fourths of the current US crude production is 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.
The US crude oil production has been on an upward trend in 2022 amid a strong recovery in global energy demand from the COVID-19 pandemic. The OPEC+ group had also considerably reduced its crude output to alleviate the global oversupply situation and lift prices. This encouraged US operators to expand their drilling activities and thus, oil and gas output. Many oil and gas producers in the US shale plays have increased their capital allocation for 2022, attributing to improving market conditions.
Scope
The report analyses the crude oil and natural gas appraisal and production activities in the US Lower 48 shale plays. The scope of the report includes -
- Comprehensive analysis of crude oil and natural gas historical production in US L48 shale plays during 2019-26
- Detailed information of well development, permits and deals across US L48 shale plays during aftermath of COVID-19 pandemic
- 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 2022
- Up-to-date information on major mergers and acquisitions across major shale plays during 2022
- 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
- About GlobalData
- Major Developments in the US Lower 48, 2022
- Table Figure 1: Crude oil production in the US, 2018-2022
- Table Figure 2: Rig count in the US shale and West Texas Intermediate (WTI) price trend, 2018-2022
- Table Figure 3: Shale gas production in the US and Henry Hub price trend, 2018-2022
- US Lower 48, Historical Production and Short-Term Outlook
- US Lower 48, Historical Production and Short-Term Outlook, 2019–2026
- Table Figure 4: Annual crude oil production outlook across major shale plays, 2019–2026
- Table Figure 5: Annual natural gas production across major shale plays, 2019–2026
- US Lower 48, Historical Production and Short-Term Outlook, 2019–2026
- US Lower 48, Recent Developments and Trends among Major Shale Plays
- Well Development Activity, January – June 2022
- Table Figure 6: Wells developed across major US shale plays, January – June 2022
- Rig Count, January – June 2022
- Table Figure 7: Rig count across major US shale plays, January – June 2022
- Drilled Uncompleted Wells, January – June 2022
- Table Figure 8: DUC wells count and total count of wells completed in US L48, January – June 2022
- Well Permits, January – June 2022
- Table Figure 9: Well permits and wells drilled in major shale plays, January – June 2022
- Deals, January – June 2022
- Table Figure 10: Deals announced in major shale plays, January – June 2022
- Well Development Activity, January – June 2022
- 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
- Table Figure 13: Crude oil IP30 rates of major shale plays, January 2020 – June 2022
- Table Figure 14: Natural gas IP30 rates of major shale plays, January 2020 – June 2022
- Table Figure 15: Crude oil EUR by major shale plays, January 2020 – June 2022
- Table Figure 16: Natural gas EUR by major shale plays, January 2020 – June 2022
- US Lower 48, Well Completion
- Table Figure 17: Average lateral length by major shale plays, January 2020 – June 2022
- Table Figure 18: Average proppant mass by major shale plays, January 2020– June 2022
- Table Figure 19: Average proppant mass per lateral length by major shale plays, January 2020 – June 2022
- US Lower 48, Cost Trend
- Table Figure 20: Average well costs by major shale plays
- Table Figure 21: Average production cost by major shale plays, 2019 – 2021
- 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, 2022
- Hydrocarbon Production of Major Companies, 2021
- Table Crude oil and condensate production of major operators by shale plays, 2021 (mbd)
- Table Natural gas production of major operators by shale plays, 2021 (mmcfd)
- Planned Capital Expenditure for Major Operators in 2022
- Table Capital expenditure by major companies, 2021-22 ($M)
- Total Net Acreage of Major Operators
- Mergers and Acquisition Activity in the US Lower 48, 2021 – 2022
- Overview of M&A Activity
- Table US L48, major deals by oil and gas companies, 2021-22
- Overview of M&A Activity
- Appendix
- Abbreviations
- Methodology
- Contact Us
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