Production Outlook

Crude oil and natural gas production growth stalled in 2015 and has declined this year in some of the big shale basins.   But we may be seeing a turnaround.  The latest EIA Drilling Productivity Report, released on December 12, 2016, included upward revisions to its recent shale production estimates and also projects an increase in its one-month outlook for the first time in 21 months (since its March 2015 report). Today we break down the latest DPR data.

U.S. propane production growth in the shale era and the addition of new domestic and export terminal infrastructure has resulted in a radical transformation of the U.S. propane market. But even as the market responds to these positive developments, the memory of shortages and price spikes during the Polar Vortex winter of 2013-14 lingers. The market response since that crisis, and what further actions the industry might take to be better prepared for future market disruptions are the subjects of RBN’s latest Drill Down report reviewed in today’s blog (click here for a preview of the report: Next To You: A Transformation in Propane Markets).