Oil and Gas Production Forecast: 2020 and Beyond

摘要

Growth slows in 2020, hinging on global demand and the markets ability to support continually increases output. As 2019 draws to a close, Enverus Energy looks at the current state of play in the U.S. oil and gas market and looks forward to 2020 and beyond. Trends in type curve results, permitting, rig counts, engineering, top operators, midstream buildout, and mergers and acquisitions activity are explored. In addition, topical discussions on well spacing, which has become a focal point for many operators, are presented. Overall, Enverus does expect production to continue to grow, albeit at a less furious rate compared to the past few years. This is driven by the evidence suggesting there is still acreage in all major basins that provide economic returns in the neighborhood of $50 WTI and above. Move below $50, and the effort becomes much more challenging; however, the Permian Basin will still present feasible opportunities.