McKinsey Energy Insights expects U.S. shale production to reach 9 MMbpd by 2025

McKinsey Energy Insights (MEI), the data and analytics specialist that provides insight and support to the global energy industry, has released its North American Shale Oil Outlook. Under its Price Recovery scenario, which assumes WTI prices will hit $60–$70/bbl from 2019 onward, MEI expects shale drilling and completions to grow at 20% p.a. and production to increase at 12% p.a. through to 2021. More »