BENTEK's first crude oil report documents the dramatic addition of key players, drilling activities and infrastructure developments that have occurred in the past two years.
For the first time since the mid-1980’s, U.S. oil production is on the rise. The age of technology is paving the way for unconventional exploration and production (E&P) techniques, allowing for a revolutionary oil industry to re-emerge. Weak natural gas market conditions are pushing producers to transfer a portion of their shale drilling techniques from gas to oil, and investors are rewarding companies with an increased focus on oil.
Market conditions are ripe for unconventional oil production growth and producers in the U.S. are aggressively drilling. Nevertheless, relatively new hydraulic fracturing techniques for oil production have yet to prove their economic viability.
The Rush to Unconventional Oil documents the dramatic addition of key players, drilling activities and infrastructure developments that have occurred in the past two years. The amount of success drillers will have transferring shale gas drilling technology to oil, how rapidly infrastructure can catch up to reservoir technology and the state of the U.S. economy will all greatly impact domestic oil production in the coming years. This report will closely monitor these and other factors, providing a detailed outlook of the future state of the domestic oil industry.