U.S. hydrocarbon production continues its impressive growth trajectory despite stringent capital discipline exercised by oil and gas producers in recent years. The Permian shale play stands out as a major contributor to this expansion, defying expectations and consistently boosting hydrocarbon output. Notably, even as natural gas prices in the region

The Western Canadian oil sands industry is undergoing a significant transformation. Favorable economics, improved producer netbacks and improved market access are all conducive for an upswing in crude oil production from Western Canada driven primarily by growing production from oil sands in Alberta. Historically, constrained crude take-away pipeline capacity has

There has been a flurry of mega deals in the US shale patch aimed at delivering significant productivity gains and offsetting impacts of any potential drilling slowdown. The Permian Basin in particular has been at the epicenter of M&A frenzy in recent years, and this trend shows no signs of

Last month, we shared our insights on how clean ammonia is emerging as a crucial element in the U.S. energy transition. Boosted by IRA tax credits, clean ammonia is becoming a leading play in global decarbonization, particularly in hard-to-abate sectors. Unlike other nascent clean hydrogen markets, the export of clean

The significant rise in Permian production of oil, natural gas, and natural gas liquids (NGLs) over the past decade is well-documented. However, since last summer, Permian hydrocarbon production appears to have plateaued. According to recent data from the Energy Information Administration (EIA), crude oil production increased to approximately 6.0 million

Since late 2023, Haynesville gas production has been on a decline as a result of lower gas prices, strategic reductions/delays in drilling activity and well completions by gas producers, and temporary operational issues. The gas production currently stands at ~15.4 Bcf/d, down 1.8 Bcf/d from the heights seen last summer.