East Daley Analytics released Dirty Little Secrets (DLS) 2024, its annual report that reveals insights into the evolving energy landscape and provides an outlook on the future dynamics of the North American oil and gas industry. The report dissects the key elements shaping the industry by triangulating information across multiple commodities and combining commercial analytics, offering valuable perspectives and data-driven analyses through 2024.
“Current economic conditions, recent M&A activity and conflicts in the Middle East and Ukraine are leading to a volatile energy market in North America,” said Justin Carlson, Co-Founder and Chief Commercial Officer of East Daley Analytics. “Our new DLS report provides actionable insights and analyses to help companies navigate the complexities of the industry in 2024 and beyond in this ever-changing market landscape.”
Findings based on East Daley Analytics’ research include:
- Natural gas production will dip more than 2 bcf/d before rallying to end 2024 up 0.5 Bcf/d.
- 60% of the lower 48 midstream capex budgets are being spent in the Permian and 49% of that is being spent on NGL’s not including G&P, highlighting the opportunity in the value chain.
- Permian E&P consolidation resulted in a 70% reduction of the acquired rigs, if that trend persists next year there is a 7% downside risk to East Daley’s oil supply outlook.
From crude and NGL forecasts to midstream oil and gas industry outlooks, Dirty Little Secrets 2024 addresses critical aspects of the energy market focused on production dynamics in key regions, market trends, and strategic insights. This year’s report explores the following topics:
- Navigating the Permian Landscape
- The Haynesville Hockey Stick
- Eagle Ford and Other Tier 2 Potential
- Assessing a Volatile Gas Market Ahead
- Decoding Crude Oil Dynamics
- Exploring NGL Production and Infrastructure Dynamics
- Deciphering M&A Outlook for Midstream Companies
Join East Daley Analytics for this webinar: Dirty Little Secrets: 2024 Domestic Oil & Gas Industry Outlook on December 13, 2023, at 10:00 am MST. Register here.
To access the full 2024 Dirty Little Secrets Report, visit: https://www.eastdaley.com/market-insights/dirty-little-secrets.
About East Daley Analytics, Inc.
East Daley Analytics specializes in dissecting the energy value chain to drive transparency. The company has built the largest U.S. energy asset database to cash flow to help identify which assets are most important and isolate their operational value. It can help with the heavy lifting by providing access to capital and commodity market experts through both subscription and consulting services. For more information visit, https://www.eastdaley.com.
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