Latest interim report focuses on Appalachian, Permian and STACK upstream activity over next ten years Austin, TX (March 12, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, has released the latest installment of its FundamentalEdge series. This is an interim report covering the most recent trends in the upstream sector for the Appalachian, Permian and STACK basins. “Even though oil and gas production has seen a dramatic increase over the past ten years, we don’t expect it to slow down anytime soon,” said Sarp Ozkan, Director of Energy Analysis at Drillinginfo Market Intelligence. “We’re anticipating another ten years of growth, but that comes with a caution about oil production. As companies focus on shareholder returns rather than the rate of growth, we could continue to see consolidation that we wouldn’t otherwise see. Wall Street’s demands are being factored into equity prices, which is clearly having an impact, but we need to find a balance.” “Its no longer accurate to talk about the Permian in general,” added Ozkan. “Specifically, the Delaware basin has seen activity skyrocket and the number of horizontal spudded wells set a new record last year. Efficiencies in the Delaware have increased year over year… continue reading
Continue reading Drillinginfo Predicts Decade-Long Continued Growth in Oil & Gas Production, Cautions About Negative Impacts from Wall Street’s Demands. This article appeared first on CTRM Center.
Source: CTRM Center