US shales in 2020 An in-depth analysis shows what went right and what didn't in 2020 and the game changer that could push each major North American shale basin into prosperity in 2021
US shales in 2020 An in-depth analysis shows what went right and what didn't in 2020 and the game changer that could push each major North American shale basin into prosperity in 2021
- ene. 2021
- [c.a.] 15 p.
As the industry often does, it will one day look back on 2020 in a variety of contexts'how demand destruction and a global price war sunk oil prices to previously unseen levels, how mounting debt problems coupled with a lack of investment opportunities drove widespread consolidation, and how production shut-ins crippled operators. The 2020 details vary depending on which of the seven major shale basins are being reviewed: Activity dropped to merely a crawl in places like the Rockies and the Midcontinent; The Permian behemoth took a punch but quickly got up off the mat; and Gas plays like the Haynesville and Marcellus/Utica rode on the coattails of Henry Hub prices that reached $3/MMBtu by early fall 2020.
1
As the industry often does, it will one day look back on 2020 in a variety of contexts'how demand destruction and a global price war sunk oil prices to previously unseen levels, how mounting debt problems coupled with a lack of investment opportunities drove widespread consolidation, and how production shut-ins crippled operators. The 2020 details vary depending on which of the seven major shale basins are being reviewed: Activity dropped to merely a crawl in places like the Rockies and the Midcontinent; The Permian behemoth took a punch but quickly got up off the mat; and Gas plays like the Haynesville and Marcellus/Utica rode on the coattails of Henry Hub prices that reached $3/MMBtu by early fall 2020.
1
