The shale revolution literally saved the nation’s oil and gas industry’s butt. There’s no denying, no argument. Because of this, we now produce more, of both, than any other country in history. The U.S. is an energy powerhouse. The world knows it. Depends on it. With all the talk about “peak shale” across our largest producing basins, Reese Energy Consulting today is sharing the latest news from McKinsey & Company, and it’s mighty insightful.

Consider the next era for shale, where Tier 2 drilling locations could rise to Tier 1 status. The article suggests “a vast Tier 2-plus inventory remains and could potentially sustain operations for more than 15 years across most basins, if operators can successfully enhance the economics of these locations.”

The story goes on to describe 27 emerging innovations that could reduce capital and operating costs, unlock higher recovery, and reduce break-evens. According to McKinsey, these innovations could potentially extend shale’s peak by up to three years and increase onshore production by as much as 13 MMBD. As part of our services, REC works with producers to market their oil and gas to secure the highest prices. Oversupply is yesterday’s news as the Middle East conflict continues amid volatile prices and a Stuck-in-the-Middle-With-You quagmire in the Strait of Hormuz. Read the McKinsey article at https://www.mckinsey.com/industries/oil-and-gas/our-insights/shales-next-surge-how-27-innovations-could-unlock-a-new-growth-era