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“Other US operators have unveiled modest tweaks to output plans in response to the recent surge in crude prices. EOG Resources is allocating some resources for the rest of the year to liquids assets from natural gas, while keeping its overall spending unchanged. Chief executive Ezra Yacob says it is too early to predict how next year will shape up: "We're just not quite there yet as far as making a call on picking up rigs or frac fleets and investing longer-term."
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On the right, the U.S tight oil sector, 2010-2022; the growth over profit business model led to the loss of >$400 Billion.
Non-oil people and internet analysts, when making predictions about U.S oil production growth, tend to leave this part out.
Tight shale oil declines so rapidly that every year, year after year, before 1 Bbl. of oil can be added to total U.S production, over 4.7 MM BO must be replaced with new wells...first. At 1Q2026 it is taking every HZ rig running in America just to stay in place, to maintain current production.
There is a reason for this besides low rig counts. Its called pressure depletion, short for depletion, in all U.S. tight oil basins.
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The materials provided on this site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice. I may make data related mistakes occasionally; if you use my opinions about oil reserves or shale well economics for financial purposes, to buy or sell stocks, your nuts. Don't do that. If I have used a photograph incorrectly it was for educational purposes and I have done my best of to give credit where credit is due. My stories are all true, slightly embellished, perhaps, but true; I don't change names to protect the guilty. I am as accurate as possible about history and historical facts; I work very hard at that.All rights are reserved, whatever that means. Don't blame me, I didn't do it.
