The US crude oil production has been on an upward trend in 2022 amid a strong recovery in global energy demand from the Covid-19 pandemic. In 2021, the US crude oil production largely recovered from the pandemic woes as easing travel restrictions led to a surge in fuel demand in domestic as well as overseas markets. Of late, shale oil and gas producers are primarily focusing on maximising value for their shareholders. Crude oil production in the US, 2018-2022The competitive landscape for shale oil production in the US L48 was led by ConocoPhillips, which has a strong presence in the Permian basin. Further details of the US shale oil and gas companies can be found in GlobalData’s new report, ‘Unconventional Production in the US Lower 48, H1-2022’.

Source: The Star December 08, 2022 03:15 UTC