| 来源类型 | Papers
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| 规范类型 | 报告
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| DOI | https://doi.org/10.26889/9781784670436
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| US Shale Oil Dynamics in a Low Price Environment |
| Trisha Curtis
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| 发表日期 | 2015-11-02
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| 出版年 | 2015
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| 页码 | 7
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| 语种 | 英语
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| 概述 | One of the biggest unanswered questions facing the market is whether or not relatively high-cost US shale oil production can survive in a relatively low oil price environment (sub $60 per barrel). This is the first economic test of the shale oil renaissance. While shale production has thus far proved resilient (due to a combination […] |
| 摘要 | One of the biggest unanswered questions facing the market is whether or not relatively high-cost US shale oil production can survive in a relatively low oil price environment (sub $60 per barrel). This is the first economic test of the shale oil renaissance. While shale production has thus far proved resilient (due to a combination of factors, such as enhancing efficiency gains, lowering the cost of services, and retreating to the more productive areas), signs of weakness are beginning to show. This paper seeks to answer a number of questions, including:
• Can the efficiency gains made over the past several months sustain current production levels?
• Which of the main shale plays are likely to be impacted the most?
• Will debt levels and bankruptcies put US companies and production at risk?
The paper reaches some interesting conclusions:
• How long oil prices remain low is a key determinant in the flexibility of US crude production. The US will not be a swing producer in the conventional OPEC sense where production can quickly be turned on and off within months. Should oil prices remain depressed through the duration of 2016, it will take additional time to raise production levels. Many people have already lost their jobs and much deeper cuts remain a reality. Service providers will go out of business. While the US is a flexible and liquid market, it will take time to bring the workforce back when oil prices rise.
Executive Summary |
| 主题 | Country and Regional Studies
; Oil
; Oil & Middle East Programme
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| 关键词 | Bakken
decline curves
Eagle Ford
initial production
rig count
The Permian Basin
US Shale
WPM 62
WPM62
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| URL | https://www.oxfordenergy.org/publications/us-shale-oil-dynamics-in-a-low-price-environment/
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| 来源智库 | Oxford Institute for Energy Studies (United Kingdom)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312381
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推荐引用方式
GB/T 7714 |
Trisha Curtis. US Shale Oil Dynamics in a Low Price Environment. 2015.
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文件名：
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WPM-62.pdf
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格式：
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Adobe PDF
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