Outlook for shale gas and tight oil development in the U.S. For Bank of America/Merrill Lynch Global Emerging Markets Spring Investor Conference April 20, 2013 Washington, DC By Adam Sieminski, Administrator U.S. Energy…
U.S. Shale Gas Adam Sieminski , B of A/Merrill Lynch, April 20, 2013 2
Domestic production of shale gas has grown dramatically over the past few years shale gas production (dry) billion cubic feet per day 30 Rest of US Marcellus (PA and WV) 25 Haynesville (LA and TX) Eagle Ford (TX) 20 Bakken (ND)…
Shale gas leads growth in total gas production through 2040 to reach half of U.S. output U.S. dry natural gas production trillion cubic feet History 2011 Projections 35 30 25 Shale gas 20 15 Non-associated offshore Tight gas…
Natural gas consumption is quite dispersed with electric power, industrial, and transportation use driving future demand growth U.S. dry gas consumption trillion cubic feet History Projections 35 *Includes combined heat-and-power and…
Domestic natural gas production grows faster than consumption and the U.S. becomes a net exporter of natural gas around 2020 U.S. dry gas trillion cubic feet History 2011 Projections 35 30 25 Consumption 20 Domestic supply 15 10…
U.S. natural gas imports and exports Reference case High resource case trillion cubic feet 10 10 8 8 Exports to 6 Mexico 6 Exports to 4 Canada 4 Lower 48 states 2 LNG exports 2 Alaska LNG 0 exports 0 Imports from -2…
U.S. Tight Oil Adam Sieminski , B of A/Merrill Lynch, April 20, 2013 8
Domestic production of tight oil has grown dramatically over the past few years tight oil production for select plays million barrels per day 2.5 Eagleford (TX) Bakken (ND & MT) Spraberry (TX Permian) 2.0 Wolfcamp (TX Permian)…
U.S. tight oil production leads growth in domestic production Reference case High resource case million barrels per day History 2011 Projections History 2011 Projections 10 10 STEO April 2013 U.S. crude oil projection 8 8 Tight…
U.S. dependence on imported liquids depends on both supply and demand U.S. liquid fuel supply million barrels per day History 2012 2014 Projections 25 32% STEO forecast for 2014 20 -8% Consumption 15 37% Net imports 40% Petroleum…
U.S. and Saudi Arabian crude oil and petroleum liquids production million barrels per day 14 12 10 8 refinery 6 processing gain other liquids 4 natural gas liquids 2 crude oil 0 2008 2009 2010 2011 2012 2013 Note: Volumes…
Uncertainties that could slow global growth of shale gas and tight oil Resource quantities and distribution Surface vs. mineral rights Risk appetite of industry participants Infrastructure and technology Environmental…
Keynote Speakers Thomas Fanning Chairman, President and CEO Southern Company Aldo Flores-Quiroga Secretary General International Energy Forum Hans Rosling Chairman Gapminder
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/forecasts/aeo Short-Term Energy Outlook www.eia.gov/forecasts/steo International Energy Outlook…
Loading...
