Market Research Report
Powder River Basin Shale in the United States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025
|Powder River Basin Shale in the United States of America (USA), 2021 - Oil and Gas Shale Market Analysis and Outlook to 2025|
Published: October 19, 2021
Content info: 33 Pages
Delivery time: 1-2 business days
The Powder River Basin is one of the top 10 resource plays in the United States. This asymmetric trough covers Northeast Wyoming and Southeast Montana for approximately 250 miles and is 100 miles wide. Converse, Campbell, Natrona and Johnson counties in the Wyoming and Powder River county in Montana are the top five crude oil and gas producing counties in the Powder River Basin.
In 2019, production from this shale reached almost 213 thousand barrels of oil per day (mbd) and 992 million cubic feet per day (mmcfd) of natural gas. However, Covid-19 outbreak in 2020 caused 30% drop in crude oil production and 28% drop in natural gas production during March - May 2020. However, in June 2020 production somewhat recovered to 182 mbd and 957 mmcfd of crude oil and natural gas respectively, but since then was declining with an average of 1% rate on a monthly basis. However, Powder River basin was relatively less affected by the downturn when compared to other major plays. By end of 2022, the production of the both the commodities are expected to exceed the 2020 level, while by 2025 is it forecasted to increase further at faster pace observed during 2019.
The report analyses crude oil and natural gas appraisal and production activities in the Powder River Basin shale play in US. The scope of the report includes -