Even at today’s low commodity prices “we will see production growth” with crude prices at $60/bbl and natural gas at $2.85/Mcf for the foreseeable future.

Those were the predictions of Maria Sanchez, manager of energy analysis for Drillinginfo Inc. in her Oct. 12 presentation to Hart Energy’s A&D Strategies Conference and Workshop. “Those are the basic prices that will support production growth,” she added.

The economics of U.S. production continue to support higher supply—and even a slight improvement in prices translates into significant production gains, Sanchez said. Also, demand is growing, but that growth is at a slower rate than that of production.

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