News Release

Shale maturity driving increase in cost of supply

Tier 1 inventory is limited, but ample Tier 2-4 inventory should alleviate fear of North American production decline

byEnverus

CALGARY, Alberta (Sept. 26, 2023) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report that quantifies the remaining drilling inventory across key North American shale plays.

“We see the cost of supply continuing to increase for North American shale producers over the next five years as the industry moves from developing Tier 1 to Tier 2-4 locations,” said Dane Gregoris, managing director at EIR. “However, ample Tier 2-4 inventory should alleviate fears of a structural decline in North American production or activity levels over the next 15 years.”

Key takeaways from the report:

  • EIR estimates six years of Tier 1 (sub-$45/bbl WTI breakeven) locations remaining across North America at today’s activity levels.
  • Ample Tier 2-4 inventory should alleviate fears of a structural decline in U.S. production or activity levels over the next 15 years.
  • EIR projects the North American inventory-weighted average breakeven will rise by $6/bbl WTI ($0.30/MMBtu HH) to $57/bbl WTI ($2.85/MMBtu HH) by 2028, assuming no changes to well costs.
Enverus press release - graph with cost curve comparison including 2028 estimates

EIR’s analysis pulls from a variety of Enverus products, including Placed Well Analytics.

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

Did someone forward this email to you? Sign up for Enverus’ press list or update your email preferences.

View all Enverus news releases at Enverus.com/newsroom.

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.

Media Contact: Jon Haubert | 303.396.5996

Enverus

Enverus

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

Related News

Enverus Press Release - From insights to injections: CCS Class VI permit applications surged 500%
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report analyzing data from its updated Class VI permit tracker, which includes new entries such as CO2 source location, facility details, approval...

Enverus Press Release - Enverus wins Thought Industries Best Innovation Using Extensibility Award
News Release
ByEnverus

For the third year in a row, Enverus, the most trusted energy-dedicated SaaS platform, has been awarded a Top Workplaces distinction by both the Austin American-Statesman and Houston Chronicle.

Enverus Press Release - Summoning Haynesville
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released its latest Fundamental Edge report, which focuses on global drivers for oil and gas prices through 2030, the five-year oil and gas supply and...

Enverus Press Release - The Barnett bonanza is coming
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report examining various exploration and production (E&P) companies testing the Barnett Formation in the Midland Basin, including economic and productivity outcomes.

Enverus Press Release - Widespread electric vehicle adoption may be ‘just around the corner’
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report with an updated view on electric vehicle (EV) adoption across its coverage regions (U.S., OECD Europe, OECD Asia, India and China)....

Enverus Press Release - Enverus adds Energy Transition solutions around $3.5T/year sector
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company, is adding new product solutions to meet the needs of the developing, $3.5 trillion/year energy transition market.

Enverus Press Release - $14B in 3Q23 upstream M&A overshadowed by October’s $60B+ historic deals
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, is releasing its summary of 3Q23 upstream merger and acquisition (M&A) activity.

Enverus Press Release - $14B in 3Q23 upstream M&A overshadowed by October’s $60B+ historic deals
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, is releasing its summary of 3Q23 upstream merger and acquisition (M&A) activity.

Enverus Press Release - Triple-digit oil prices will impact global economy
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released its latest FundamentalEdge report, which focuses on global drivers for oil and gas prices through 2030, the five-year oil and gas supply and demand...

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

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert