JOURNAL ARTICLE

Shale-Production Costs Seen Rising 2.8% in 2025, Enverus Says.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wethe, David 3 of 3

Abstract

According to industry consultant Enverus, oilfield-service costs for US shale drillers are expected to increase by 2.8% in 2025. This comes after a reduction in drilling and fracking this year, which led to a 6.3% decrease in per-well costs for shale operators. The decrease in costs was due to an oversupply of fracture sand. However, Enverus predicts that drilling will accelerate in 2025, leading to a rebound in prices. The number of onshore rigs drilling for oil and gas in the US has already fallen by 6% this year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2024
  • Accession Number:180033008
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