Powder River Basin Shale in the United States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025
Summary The Powder River Basin is one of the top 10 resource plays in the United States.This asymmetric trough covers Northeast Wyoming and Southeast Montana for approximately 250 miles and is 100 miles wide.
Converse, Campbell, Natrona and Johnson counties in the Wyoming and Powder River county in Montana are the top five crude oil and gas producing counties in the Powder River Basin.
In 2019, production from this shale reached almost 213 thousand barrels of oil per day (mbd) and 992 million cubic feet per day (mmcfd) of natural gas.However, Covid-19 outbreak in 2020 caused 30% drop in crude oil production and 28% drop in natural gas production during March - May 2020.
However, in June 2020 production somewhat recovered to 182 mbd and 957 mmcfd of crude oil and natural gas respectively, but since then was declining with an average of 1% rate on a monthly basis.However, Powder River basin was relatively less affected by the downturn when compared to other major plays.
By end of 2022, the production of the both the commodities are expected to exceed the 2020 level, while by 2025 is it forecasted to increase further at faster pace observed during 2019.
Scope The report analyses crude oil and natural gas appraisal and production activities in the Powder River Basin shale play in US.
The scope of the report includes - - Comprehensive analysis of crude oil and natural gas historical production and outlook during 2018-25
- Detailed information of impact on well development, permits and deals against the backdrop of the COVID-19 pandemic
- In-depth information of well productivity and well completion parameters across the Powder River Basin
- Analysis of net acreage of top companies, planned capital expenditure, as well as crude oil and natural gas reserves and production stats in this play
- Up-to-date information on major mergers and acquisitions across the Powder River Basin from 2019 to 2021
Reasons to Buy - Develop business strategies with the help of specific insights into the Powder River Basin in the US
- Plan your strategies based on economic viability and expected developments in the Powder River Basin.
- Keep yourself informed of the latest M&A activity in across Powder River Basin
- Identify opportunities and challenges across Powder River Basin
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