GlobalData Insight: Growth In Shale

Is the USA set to lose its edge in the development of shale oil and gas? The experts at GlobalData investigate  The global shale oil and gas production outlook indicates a positive trend, with notable increases in production expected from top countries over the next few years, including the incumbent leader the USA. Although the pace of growth has somewhat receded in the USA, optimism around this unconventional resource remains, driven by technological advancements and significant discoveries in countries such as China, Argentina, and Saudi Arabia, according to GlobalData, a leading data and analytics company. Unlocking Global Potential GlobalData’s Strategic Intelligence report, ‘Emerging Oil and Gas Shale Plays’, reveals that the USA was the undisputed leader in global shale oil and gas production with over 80% share in 2024, thanks to its vast reserves, advanced extraction technologies, and supportive regulatory environment. Ravindra Puranik, oil and gas analyst at GlobalData, comments: ‘The combination of hydraulic fracturing and horizontal drilling has unlocked unprecedented volumes of shale resources, particularly in formations like the Permian Basin, the Eagle...