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Understand Genscape's expectations for U.S. & Canadian Crude Oil Production & Rig Counts in 2016
With sustained weakness in crude oil prices and oil rigs at the lowest level since the economic crisis of 2008, production in the U.S. is set to see significant year-over-year declines. However, Genscape expects Canadian heavy oil production from oil sands projects to continue to expand, resulting in net growth for Canadian supply of +125 Mb/d in 2016.
Genscape's Analyst Insight Series Report, 2016 North American Crude Oil Production Forecast, takes a deeper look at crude production expectations for the U.S. and Canada and provides insight into declining rig counts throughout North America using data from its robust crude oil production forecasts.
With this Analyst Insight Series Report, you will:
- Understand how sustained weakness in crude oil prices will impact 2016 U.S. production
- See that heavy oil production from oil sands projects continuing expansion in 2016 will result in growth for Canadian crude supply
- Learn how rig counts are expected to continue to decline in North America
- Find out which of the three big shale plays will fare better than others
Genscape provides crude oil production forecasts for both the U.S. and Canada. These forecasts use a bottom-up approach that includes well, project, and upgrader level production data aggregated by region and crude quality and adjusted weekly to the forward curve.
To learn how you can make efficient, smart decisions with Genscape's Canadian Crude Oil Production Forecast, click here.
To access the most detailed, accurate five-year U.S. oil production report in the industry, click here to learn more about Genscape's U.S. Crude Oil Production Report.