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North American shale oil production is poised for further decline next year

From rystadenergy.com

Light tight oil production in North America has been hit hard this year as a result of the dramatic fall in oil prices caused by global oversupply and demand destruction. Activity levels and output are anticipated to show notable decline in 2020 that is likely to continue into 2021 as well. This article addresses Rystad Energy’s most recent forecast for NA shale oil and gas production and capital investments with the focus on the key contributing shale plays. {chart} Figure 1 depicts light tight oil production (LTO) in North America (NA) by key shale plays from 2014 to 2030 along with our latest forecast for WTI oil ... (full story)

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  • Category: Fundamental Analysis