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.
Certainly the U.S. shale industry took its hits in 2020, with some regions faring better than others.
In the following special report, E&P Plus has partnered with Enverus to provide an in-depth analysis of the seven major shale basins—the Permian, Bakken, Rockies, Marcellus/Utica, Haynesville, Eagle Ford and Midcontinent. These “score cards” provide what went well for each shale, what didn’t, the game changer that will push that basin to prosperity, exclusive analyst insight into each basin and a production forecast for what Enverus sees moving forward.
Click here to view each shale's scorecard in this special report featured in the January issue of E&P Plus.
To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance.
Independent Data Services (IDS), a leading provider of cloud reporting and analytics for the oil and gas industry, has been awarded a six-figure fleet-wide deal on Jan. 13 with Stena Drilling for the world’s first fully integrated online reporting and analytics services.
This survey, covering 2,694 sq km, will broaden the region’s 3D coverage while adding to the extensive offshore seismic library.