U.S. Oil Growth Shifts from Shale to Gulf

For over a decade, the shale patch has been the engine behind U.S. oil production growth. Now, the pattern is shifting to offshore oil amid tech advances and maturing shale reservoirs—with the help of a pro-oil federal government. Earlier this year, the Energy Information Administration said it expected oil output from Gulf of Mexico fields to rise from 1.8 million barrels daily at the moment to 2.4 million barrels daily as early as 2027. The Bureau of Ocean Energy Management had the same estimate. The two cited federal support in the form…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com