EnergyWatch

Magic number for a new shale surge: USD 60 a barrel, JP Morgan says

According to JP Morgan, US shale producers will not rethink their budgets and increase production until the WTI oil price has stayed above USD 60 for a certain period of time.

Photo: /ritzau/AP/LM Otero

For America's shale drillers, the tipping point to boost production looks to be USD 60 a barrel.

It will take a sustained run above that  price in New York before drillers rethink their spending plans for 2018, according to JPMorgan Chase & Co. Until then, activity looks to be "range-bound," said analysts led by Arun Jayaram in a Wednesday research note detailing their talks with operators in the Permian shale basin in Texas and New Mexico.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

GE implements 3D printing for making component molds

Developing the world's largest 3D printer will enable the OEM to make molds for nacelle components of up to 9.5 meters in diameter and weighing more than 60 tonnes by means of additive manufacturing. Initial testing is set to begin in early 2022.

Further reading

Related articles

Trial banner

Latest News

See all jobs