Shale Webinar: Is the industry optimistic about the future of shale? Analyzing productivity degradation, cost inflation and market trends
The past year has been a transformative one for the North American shale industry, with significant changes taking place that have had far-reaching effects. From increased regulation to technological advancements, the landscape of US shale has shifted in ways that few could have predicted just a few years ago. Despite increasing inflationary pressures and supply chain bottlenecks, the industry raked in record profits never seen before. However, media outlets and industry pundits have been warning in recent years that productivity is well on its decline. But have productivity gains actually come to an end?
On Wednesday, April 5th, 2023 we hosted our first dedicated shale webinar of the year! Our senior analysts provided a deep-dive and update on the market situation and an outlook on what's next for the shale industry. We also uncovered what trends are for service price inflation and what to expect in the coming months.
Adressing key questions such as:
- Productivity degradation: too early to ring alarm bells or a real threat to inventory?
- What is the call on US shale activity and production in 2023?
- Have we hit the ceiling on service price inflation (rig day rates, pumping prices, etc.)?