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Sorry OPEC: Shale Oil Should Generate Profits This Year

March 5, 2018

Via: Forbes

A teenage growth spurt – U.S. onshore liquids production is on a tear again. Already rebounding from the downturn for a year, right now it’s turbo-charged.

We expect tight oil to grow by 2 million b/d over the next two years (1.1 million b/d in 2018, 0.9 million b/d in 2019) – double the rate we forecast a few months ago. And that excludes another 1 million b/d of new NGL volumes, associated with rising gas production.

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