Americas Production
February 2018
Rising shale gas production will support overall US gas output in 2018.
Producers of shale gas and tight oil in the US will continue to benefit from a recovery in oil prices this year. The front-month price for WTI crude has averaged around $62 per barrel so far in 2018, much higher than the average of almost $51/bbl in 2017. This, together with high NGL prices, is promoting shale gas output in the US as the bulk of it is being produced in association with oil...