Below breakeven: What a weaker oil curve means for production, returns and M&A

Shale Trends Report - Below breakeven: What a weaker oil curve means for production, returns and M&A

This condensed report spotlights how a softer oil price environment is reshaping US shale strategy. From flat production profiles in the Permian to rising gas-play activity and a new wave of consolidation, Rystad Energy’s Shale Trends Report provides a concise, data-rich view of what weaker West Texas Intermediate (WTI) prices mean for production, returns and deal-making in 2026.

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Rystad’s Take: In conversation with our CEO

Our monthly Q&A series, February edition