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Oil and Gas Shale Drilling Cost Inflation Easing

ENERGY

US oil and gas drillers in shale fields are seeing an easing to rising costs that have restrained profits and production in recent years.

  • Drillers have maintained production discipline recently in part due to prioritising shareholder returns over output growth but also due to increasing costs. An easing of costs could allow drillers to consider output increases.
  • Oil field costs look stable according to Ian Dundas CEO at Enerplus Corp which operates in the Bakken and Marcellus shale fields.
  • Baytex Energy Corp expects “flat to slightly inclined” prices in regions that require more intensive fracking, but elsewhere costs are easing helped by improving availability of equipment with declining rig counts.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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