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Tight oil production in Permian drives growth in onshore U.S. Lower 48 states production

Onshore crude oil production in the U.S. Lower 48 states (L48) has more than tripled since January 2010, driven by…

3 days ago

Well completions per location more than double in Lower 48 states as technology advances

We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has…

4 weeks ago

U.S. retail gasoline prices to decrease in 2025 and 2026 with lower crude oil price

In our January Short-Term Energy Outlook, we now forecast U.S. retail gasoline prices through the end of 2026. We estimate…

4 months ago

EIA forecasts lower oil price in 2025 amid significant market uncertainties

We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to…

5 months ago

U.S. wholesale electricity prices were lower and less volatile in 2024

Average wholesale electricity prices at major trading hubs in the Lower 48 states were lower in 2024 than in 2023.…

5 months ago

Improving well productivity helps U.S. oil companies increase production at a lower cost

Second-quarter 2024 financial results for 34 publicly traded U.S. oil exploration and production (E&P) companies suggest increasing well productivity is…

6 months ago

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