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Category: Reports

PacWest: Considerable Growth Expected for US Shale Formations

September 04, 2014 Posted by Chris Wysong

PacWest Consulting Partners has put out the WelllQ Market Outlook for the second-quarter of 2014, and Gene Lockard examines which shale formations in the US are projected to show significant growth. PacWest: Considerable Growth Expected for US Shale Formations By: Gene Lockard Robust activity is seen for drilling and completion markets in shale plays in North America into 2016, according to the WellIQ Market Outlook for the second-quarter of 2014. WellIQ is a report put out by PacWest Consulting Partners that assesses the health of U.S. and global oil and gas markets. Of the growth plays and basins with significant existing horizontal well activity, those with the highest percentage of projected growth in well activity are Permian Basin, which is projected to grow by 22 percent, the DJ Basin, which is expected to grow by 19 percent, and the Anadarko Woodford/SCOOP, which is projected to grow by 23 percent per year through 2016, PacWest told Rigzone. The SCOOP is the South Central

Posted in Shale, Reports, Growth
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