Efficiencies driving US shale drilling costs lower, which could squeeze an already tight market

WoodMac: US shale well costs to fall 10% in 2024

A pump jack operates in an oilfield in the Permian basin in Texas.
A pump jack operates in an oilfield in the Permian basin in Texas.Photo: AP/SCANPIX
Published 30 July 2024, 11:45Updated 30 July 2024, 11:45
Wood MackenzieUnited StatesPermian BasinAmericasNorth America