Unconventional Production in the US Lower 48, H1 2023

Report
41 Pages
December 2023
Region: United States
GlobalData
ID: 5923741

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

Reasons to Buy

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

1. Major Developments in the US Lower 48, 2023

2. Lower 48, Historical Production and Short-Term Outlook

2.1 US Lower 48, Historical Production and Short-Term Outlook, 2020-2027

US Lower 48, Crude Oil Production Outlook by Major Shale Plays, 2020-2027
US Lower 48, Natural Gas Production Outlook by Major Shale Play, 2020-2027

3. US Lower 48, Recent Developments and Trends among Major Shale Plays

3.1 Well Development Activity, January - June 2023
3.2 Rig Count, January - June 2023
3.3 Drilled Uncompleted Wells, January - June 2023
3.4 Well Permits, January - June 2023
3.5 Deals, January - June 2023

4. US Lower 48, Economic Viability

4.1 Crude Oil Break-even Price across Major Shale Plays
4.2 Natural Gas Break-even Price by Major Shale Plays
4.3 US Lower 48, Well Productivity

30 days Initial Oil Production by Major Oil Plays

30 days Initial Gas Production by Major Gas Plays

Estimated Ultimate Recovery of Crude Oil by Major Oil Plays
Estimated Ultimate Recovery of Natural Gas by Major Shale Plays

4.4 US Lower 48, Well Completion

Average Lateral Length by Major Shale Plays
Average Proppant Mass by Major Shale Plays
Average Proppant Mass per Lateral Length by Major Shale Plays

4.5 US Lower 48, Cost Trend

Average Well Costs by Major Shale Play

5. US Lower 48, Analysis of Top Companies

5.1 Total Net Acreage of Major Operators
5.2 Hydrocarbon Production of Major Companies, 2022

Crude oil and condensate production of leading operators across major US shales
Natural gas production of leading operators across major US shales

5.3 Planned Capital Expenditure for Major Operators in 2023

6. Mergers and Acquisition Activity in the US Lower 48, 2022 - 2023

6.1 Overview of M&A Activity

7. Appendix

7.1 Abbreviations
7.2 Methodology

Coverage
Secondary Research
About the Publisher
Contact the Publisher

List of Tables

Table 1: Shale play-wise acreage of the major companies in the US, 2023*
Table 2: Crude oil and condensate production of major operators by shale plays, 2022 (mbd)
Table 3: Natural gas production of major operators by shale plays, 2022 (mbd)
Table 4: Capital expenditure by major companies, 2022-23 ($M)
Table 5: US L48, major deals by oil and gas companies, 2022 - November 2023

List of Figures

Figure 1: Crude oil production in the US, January 2019- September 2023 (mbd)
Figure 2: Rig count in the US shale and West Texas Intermediate (WTI) price trend, 2019-September 2023
Figure 3: Shale gas production in the US and Henry Hub price trend, 2019-September 2023
Figure 4: Annual crude oil production outlook across major shale plays, 2020-2027
Figure 5: Annual natural gas production across major shale plays, 2020-2027
Figure 6: Wells developed across major US shale plays, January - June 2023
Figure 7: Rig count across major US shale plays, January - June 2023
Figure 8: DUC wells count and total count of wells completed in US L48, January - June 2023
Figure 9: Well permits and wells drilled in major shale plays, January - June 2023
Figure 10: Deals announced in major shale plays, January - November 2023
Figure 11: Crude oil break-even price across major US oil shale plays
Figure 12: Natural gas break-even price across major US gas shale plays
Figure 13: Crude oil IP30 rates of major shale plays, January 2021 - June 2023
Figure 14: Natural gas IP30 rates of major shale plays, January 2021 - June 2023
Figure 15: Crude oil EUR by major shale plays, January 2021 - June 2023
Figure 16: Natural gas EUR by major shale plays, January 2021 - June 2023
Figure 17: Average lateral length by major shale plays, January 2021 - June 2023
Figure 18: Average proppant mass by major shale plays, January 2021- June 2023
Figure 19: Average proppant mass per lateral length by major shale plays, January 2021 - June 2023
Figure 20: Average well costs by major shale plays

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Scope

Reasons to Buy

Table of Contents

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