Record U.S. Oil Production Expected in 2027, Boosting Midstream Outlook

CommodityMacro
โดย ETFTrends.com·Read original
Summary · why it matters

U.S. oil production is forecast to reach a new record high in 2027, increasing by 428 thousand barrels per day from 2026, according to the U.S. Energy Information Administration. This marks a sharp reversal from pre-war expectations of a sequential decline, driven by a stronger oil price backdrop and improved futures curve, with WTI futures for 2027 still about $10 per barrel higher than at the start of this year despite recent weakness. Large public producers like Chevron, ExxonMobil, and EOG Resources are maintaining capital discipline and growing volumes marginally through efficiency gains, while smaller private operators are adding rigs, with the Permian Basin oil rig count rising from 239 in late February to 256 as of June 18. The improved production outlook is broadly beneficial for midstream infrastructure companies, complementing existing natural gas demand tailwinds, and has supported strong year-to-date total returns of 15.2% for the Alerian MLP Infrastructure Index and 22.4% for the Alerian Midstream Energy Select Index through June 18.

Impact on stocks 8

Energy▲ · 5 stocks
EOG Resources Inc
EOG
▲ PositiveSupplyrelevance

EOG Resources is named as a large public producer maintaining capital discipline and growing volumes, benefiting from higher production outlook.

Chevron Corp
CVX
▲ PositiveSupplyrelevance

Record U.S. oil production forecast boosts midstream demand, benefiting Chevron's upstream and midstream operations.

Energy Transition & Power Demand▲ · 2 stocks
Exxon Mobil Corp
XOM
▲ PositiveSupplyrelevance

ExxonMobil is named as a large public producer benefiting from record U.S. oil production and higher oil prices.

Carbon Removal (DAC)▲ · 1 stocks
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