News Release

EIR: Density drives steepening declines in U.S. shale

Shale’s future production growth is expected to be more difficult, record-breaking, doubling production now a memory

byEnverus

CALGARY, Alberta (Aug. 15, 2023) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report that examines how oil decline profiles have steepened across U.S. shale oil plays over the last decade. 

“The U.S. shale industry has been massively successful, roughly doubling the production out of the average oil well over the last decade, but that trend has slowed in recent years,” said Dane Gregoris, report author and managing director at EIR. 

“In addition, we’ve observed that declines curves, meaning the rate at which production falls over time, are getting steeper as well density increases. Summed up, the industry’s treadmill is speeding up and this will make production growth more difficult than it was in the past,” Gregoris said.

Key takeaways:

  • Even though recoveries from the average U.S. shale oil well have doubled in the past decade, production profiles for the average well have steepened more than half of a percentage point annually since 2010.
  • In the Permian, home to most U.S. oil output, the average Midland Basin oil production profile has steepened by 0.5 of a percentage point each year since 2014. The Delaware Basin has steepened by even more since that time.
  • EIR expects Permian-type curve shapes to continue to steepen over time as the basin gets more densely developed. As a result, average breakeven prices will rise.

Members of the media should contact Jon Haubert to schedule an interview with one of Enverus’ expert analysts.

About Enverus
Enverus is the most trusted, energy-dedicated SaaS platform, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 98% of U.S. energy producers, and more than 35,000 suppliers. Our platform, with intelligent connections, drives more efficient production and distribution, capital allocation, renewable energy development, investment and sourcing; and our experienced industry experts support our customers through thought leadership, consulting and technology innovations. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 6,000 customers in 50 countries. Learn more at Enverus.com.

About Enverus Intelligence Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations, and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies, and capital providers worldwide. EIR is registered with the U.S. Securities and Exchange Commission as a foreign investment adviser.

Enverus

Enverus

Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Related News

Enverus News Release - Defying peak oil predictions
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted generative AI and energy-dedicated SaaS company, has released a new report highlighting the organization’s view that it does not expect global oil demand to peak or plateau by the...

Enverus Media Advisory - Welcome to Enverus EVOLVE: The pivotal event for energy professionals, thought leaders and experts
News Release
ByEnverus

Enverus, the leading generative AI and energy-dedicated SaaS company, is inviting members of the media to EVOLVE 2024, a conference focused on the evolution of the energy industry and what to expect in 2024 and beyond. EVOLVE 2024 will be...

Enverus Press Release - Blue hydrogen: Greening the bottom line
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading generative AI and energy-dedicated SaaS company, is releasing its inaugural Hydrogen Fundamentals report that evaluates the U.S. clean hydrogen opportunity at national and regional levels.

Enverus Press Release - CO2 pipeline economics: The missing link
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading generative AI and energy-dedicated SaaS company, has developed a CO2 Pipeline Economic Model that can be used to analyze transportation economics in the carbon, capture, usage and storage (CCUS) value...

Enverus Press Release: Beyond the horizon: US solar and storage solutions are on the rise
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading generative AI and energy-dedicated SaaS company, has released a report that quantifies annual cost savings of rooftop solar and forecasts residential demand.

Enverus press release - Renewing Alberta’s path for renewables
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading generative AI and energy-dedicated SaaS company, is shedding light on the impact of ending a Feb. 28 moratorium by Alberta Premier Danielle Smith that also included a host of new...

Enverus Press Release - Unearthing the potential beneath deepwater fracturing
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading generative AI and energy-dedicated SaaS company, has released a report that assesses fracturing parameters and recovery enhancement within the Gulf of Mexico’s (GOM) Lower Tertiary play and analyzes project economics. 

Enverus Press Release - Midwest transportation failure strands highly anticipated CCUS opportunities
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading energy-dedicated SaaS company, has released a report examining emissions from Midwest ethanol facilities left without a connection to carbon capture, utilization and storage (CCUS) projects after Navigator CO2’s Heartland Greenway...

Enverus Press Release - Progress continues in US oil and gas emissions reduction efforts
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the leading and energy-dedicated SaaS company, has released a report that serves as a U.S. emissions stocktake for the oil and gas sector, evaluating industry progress based on the latest data issued...

Find Out How Enverus Can Help Your Business

Subscribe to the Energy Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Get Started

Register Today

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert