Energy Market Assessment: Restoring upward mobility of the masses will have a profitable oil & gas drilling boom
Oil & Gas 360º
MARCH 11, 2025
crude oil supply growth smaller than what it has been/ what is expected fuels our bullish oil outlook. lower-48-state crude oil production approached 13 million barrels per day (mmbd) five years ago (Figure 11, green dot). The rise to 160 rigs in January 2023 has production up at 118.5 Figure 11: U.S.
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