Rystad: Latest Views on the US Lower 48 Upstream and Oilfield Services Space
Thu, Mar 26
|ConocoPhillips, Wolfcamp Room
Macro fundamentals – oil & natural gas markets Outlook for drilling, completions, and oil & gas production E&P corporate strategies – buybacks, dividends, debt management etc. How resilient will the Permian be relative to other plays in North America?
Time & Location
Mar 26, 2026, 11:00 AM – 1:00 PM
ConocoPhillips, Wolfcamp Room, 600 W Illinois Ave, Midland, TX 79701, USA
Guests
About the event
Rystad Energy will present their latest views on the US Lower 48 upstream and oilfield services space. As prices surge due to conflict in the Middle East, can US shale mount a supply response?
- Shale E&Ps budgeted for a $55-60 world in 2026, but are unlikely to quickly revise plans
- Why 2025’s operating and financial strategies limit the ability for producers to grow now
- Enjoy the cash while it lasts: high prices will give producers a reprieve to focus on payouts
- How much production can quickly enter the market from DUC completions?
- Rigs will be needed: When could we reasonably see a production uptick?
- How will hedging impact activity decision-making?
- The US gas market has been shielded from volatility – how much will US gas grow in 2026?
Mark Quesada serves as the VP of North American Oilfield Service Solutions, focusing on all verticals of Oilfield Services across the USA and Canada, including drilling, fracturing, sand, water, and chemicals. Prior to joining Rystad Energy, Mark spent 14 years in various roles, from Production Engineering to Acquisitions and Divestitures, at several E&P companies in the Western Canadian Sedimentary Basin. He also held positions in Corporate Development and Financial Planning and Analysis with two oilfield service companies in Canada.
With expertise in production and operations engineering, acquisitions and divestitures, financial planning and analysis, financial modeling, and oilfield services, Mark brings a wealth of knowledge to his role. He holds an Engineering degree from the University of Calgary's Schulich School of Engineering and an MBA from the Haskayne School of Business at the University of Calgary.
Matthew Bernstein is Vice President of North America Oil & Gas at Rystad Energy, and the Product Manager of Rystad’s Shale Upstream Solutions. Matthew is a recognized market expert focused on the US Lower 48 upstream sector, delivering clients, the media, and the broader industry with analysis on the latest trends on production, M&A, and corporate strategy. Matthew graduated cum laude with a Bachelor of Science degree from Georgetown University’s Walsh School of Foreign Service, where he majored in International Politics with an Honors Certificate in International Business Diplomacy.