Oil Economy Focus Rapid Review
The US shale industry has gradually started to adapt to the new pricing environment with a series of mergers and acquisitions in the industry that are bringing with them a new optimism. The scaling down of investment in the lower 48 states has led to the decline in active rig count and crude production in 2020. Capital investment cuts add up to around $38 billion. Global Data estimates that the total crude oil production across the four major shale plays of Bakken, DJ Basin, Eagle Ford, and Permian Basin will remain flat within the range of 7.1-7.2 mmbd for the next 14 months outlook since November 2020.
LINK TO THE SOURCE ARTICLE: US shale: New growth opportunities
