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Page added on April 11, 2021

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This Is What Shale Growth Will Hinge On

Production

The next few years of oil and gas production growth in the U.S. will hinge on the discipline of operators with their capital budgets.

That’s according to data and analytics company GlobalData, which made the statement in a comment sent to Rigzone on Thursday. In the comment, GlobalData highlighted that oil and gas operators have been focusing on production growth at all costs over the past ten years but switched their initiative to returning value to investors last year.

GlobalData noted that the majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures. This strategy has been brought on by banks and lenders having stricter requirements when lending to the energy sector, GlobalData outlined.

“If prices remain flat, at around $60 per barrel for the remainder of 2021, operators will have a chance to generate free cash flow and prove to investors that that they are able to return money to shareholders after poor results in 2020,” Andrew Folse, an oil and gas analyst at GlobalData, said in a company statement.

“However, since prices have risen, the rig count in the U.S. Lower 48 has also increased significantly, along with the U.S. production levels. If production levels continue to increase, the OPEC+ group could increase their production in a short period of time, which would directly affect commodity prices and profitability of the U.S. operators,” he added.

“U.S. President Joe Biden has added a degree of uncertainty for oil and gas operators with acreages located on federal lands. He ordered a 60-day pause on issuing new drilling permits and leasing on federal lands. However, a hiatus on drilling permit on federal lands would not have an immediate effect on overall production level, with operators shifting their capital to acreage on public lands,” Folse continued.

“As the 60-day ban on federal land leasing came to an end on March 21, the U.S. Bureau of Land Management (BLM) stated that it would resume processing oil and gas drilling permits on federal lands. If a long-term ban on federal drilling permits was to be a permanent policy, it could have an overall effect on oil and gas production levels in the upcoming years,” Folse went on to state.

GlobalData, which was formed in 2016, covers several industries, including oil and gas, technology, and banking. The company has published several oil and gas sector reports over the past few months concentrating on a variety of topics.

RIGZONE



11 Comments on "This Is What Shale Growth Will Hinge On"

  1. StopParticipatingToWesternCivlisation on Sun, 11th Apr 2021 5:51 pm 

    OutcastPhilosopher:How does one go about deleting their account on this homosexual board?

    ——————————————–

    I agree with you. It is obvious now the Cabal is too powerful. The only way to deal with it is to collapse everything forever meaning collapse the electrical grid and water distribution system for ever. Participating in society if you are Whites is waste of time.

  2. OnlyOneStrategyLeftAtThisPoint on Sun, 11th Apr 2021 6:06 pm 

    If you forget the emotional part, from a purely tactical and strategical point of view only one solution is possible to deal with the Cabal and Satanist.

    The only option left is : to collapse everything forever meaning collapsing the electrical grid and water distribution system for ever. Participating in society if you are Whites is waste of time.

  3. ThisIsFunnyAsFucked on Sun, 11th Apr 2021 10:48 pm 

    This is funny as fucked 2:16 adrenochrome for him and red dress the color of the devil

    https://www.youtube.com/watch?v=YIg6LNP61OU

  4. ElonMuskIsAConManAndSatanist on Sun, 11th Apr 2021 11:05 pm 

    0:26 look at his eye. he has HIV. There are so many of them in position of power that it might collapse the political structure of nation like Australia. It is a good if you ask me.This will allow some kind of rebirth.

    https://www.youtube.com/watch?v=2lPkvteqKig

  5. FarageIsASatanist on Sun, 11th Apr 2021 11:20 pm 

    Why won’t mainstream media talk about this?

    https://www.youtube.com/watch?v=HFpQqdfiChE

    Farage is also a satanist and he has AIDS.He bottom are black and rotten. Look at his eyes. Size of this is difficult to grasp.

  6. IAmTheKingOfTheWorld on Mon, 12th Apr 2021 9:06 am 

    LIVE: Netanyahu and Austin hold joint press briefing in Jerusalem

    https://www.youtube.com/watch?v=avKbjUVdGFg

    Israel the house of Satan with its Satanist symbol of his flag is at it again. Never forget that the JEWS have 118 genetic defect make then predispose to extreme sexual perversion, see Hollywood. They are also predispose to Schizophrenia and world domination, see fake nuclear Iran-Israel conflict and Israel double nationality on US politicians. Because of this schizophrenia the Jews have no idea what morality is.

    I decided to name myself the king of world. Apparently, I am they only ones that understand how energy, trade, commence work. So it is only natural that I call my self the KING of the world.

    Personally as the KING of the world I care only about the future of North-America and South-America. The rest of the world I don’t give shit, and I especially don’t give a shit about the house of Santa know as Isreal.

  7. YourKingHasSpokenToYouWorldLeader on Mon, 12th Apr 2021 9:34 am 

    Some people would say, it is pretentious of you to call yourself the KING of the world. The Jews are doing it and nobody says anything about it. If they Jews can called them self the chosen people, I can surely called myself the KING of the world. I am learning from Jews how to be a good liar and greedy person. No better teacher then the Jews in that matter.

    I see there is more and more chaos in the world right now. I love it. This is what the freemason, globalists and communist like CPP are asking for. I am happy to see that the world is working hard to help add more chaos. I would to thank to world for its effort.

    https://www.youtube.com/watch?v=k1CNIEGxQTg

    Goto 10:10

  8. IWantToTakeTheNextSpaceShipOutOfThisShitHOle on Mon, 12th Apr 2021 10:13 am 

    I think GOD just release me from my duty of commenting on here.

  9. IAmFreeAgain on Mon, 12th Apr 2021 9:48 pm 

    StarvingLion » Mon 12 Apr 2021, 21:52:59
    Killy Gates the front-man.

    https://archive.org/details/diana_202104

    ——————————————-

    I don’t know what to think of this. I lost my connection with GOD. Like I said, I think GOD just release me from my duty to comment on peak oil. Empty nothing in my mind. Free again

  10. IAmFreeAgain on Tue, 13th Apr 2021 2:44 pm 

    Nice comments StarvingLion
    ——————————————-

    I lost my connection with GOD. Like I said, I think GOD just release me from my duty to comment on peak oil. Empty nothing in my mind. Free again

  11. Cloggie on Thu, 15th Apr 2021 3:27 pm 

    Daimler presents “Tesla killer” EQS:

    https://www.faz.net/aktuell/wirtschaft/unternehmen/der-neue-eqs-770-kilometer-soll-er-schaffen-17295145.html

    Range 770 km

    https://www.reuters.com/business/retail-consumer/with-flagship-electric-car-mercedes-takes-fight-tesla-2021-04-15/

    “With flagship electric car, Mercedes takes fight to Tesla“

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