Issue: April 2023
Features
In what proved to be a prescient, albeit conservative, prognostication, the former IHS Markit (now S&P Global) issued a forecast in 2018 that the Permian basin would hit the 5.4-MMbpd production mark in 2023.
Analysis of decisions being made by energy firms globally reveals the stranded assets narrative to be little more than ill-supported talking points. Discussions at this year’s major conferences reveal a re-dedication to increased exploration and development of new oil and gas reserves.
