US shale production could reach 9 million barrels by 2025

By North American Shale magazine staff | September 11, 2017

By 2025, North American shale producers could be pumping 9 million barrels of oil per day, according to a production estimate report compiled by data analytics firm McKinsey Energy Insights.

If oil trades at $60 to $70/b from 2019 on, MEI believes shale well drilling and completion activity will grow by 20 percent. The report states that operational enhancements that have been realized in shale from 2014 to 2016 will soon make drilling profitable beyond the most resource-rich shale basins. Operational improvements include increased drilling efficiency, better completion designs and asset high-grading. The report also highlights some of the major changes in the shale patch that have occurred since 2012.