Private E&Ps, Permian-based independents and majors are leading the supply surge
Letter from Houston: Lower 48 outlook strengthening
Climbing commodity prices and rampant drilling activity are lifting shale production guidance
The US onshore industry received a shot in the arm this year with oil markets remaining close to the $80/bl mark, driven by expectations of stable demand growth and economic activity steadily ramping up around the world. The horizontal oil rig count is up by nearly 130pc from a year earlier, and current prices make drilling economic across most onshore regions. While the top-producing Permian basin remains the most active play by far, south Texas’ Eagle Ford, the Bakken, the DJ and Powder River basin and other positions have all seen a steady clip of expansion, boosting their contribution to the country’s onshore operations. The number of active counties (counties with at least one horizonta
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
