Outlook for shale gas and tight oil development in the U.S. For Council on Foreign Relations April 11, 2013 Washington, DC By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics &…
U.S. Shale Gas Adam Sieminski , CFR, April 11, 2013 2
An average well in shale gas and other continuous resource plays can also have steep decline curves, which require continued drilling to grow production million cubic feet per year 2,000 Cumulative production = EUR Haynesville 100%…
For example: Oil production by monthly vintage of wells in the Williston Basin Source: Drilling Info history through August 2012, EIA Short-Term Energy Outlook, February 2013 forecast Adam Sieminski , CFR, April 11, 2013 4
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 Bakken (ND) 25 Eagle Ford (TX) Marcellus (PA and WV) 20 Haynesville (LA and TX) 15…
Shale gas leads growth in total gas production through 2040 U.S. dry natural gas production trillion cubic feet History 2011 Projections 35 30 25 Shale gas 20 15 Non-associated offshore Tight gas 10 Alaska Coalbed methane…
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…
Growth of natural gas in transportation, excluding pipeline use, led by heavy duty trucks (LNG) and gas to liquids (diesel) marine and rail to come U.S. natural gas consumption quadrillion Btu History 2011 Projections 2.0 1.8 1.6 1.4…
The U.S. is projected to be both an exporter and importer of natural gas U.S. natural gas imports and exports trillion cubic feet 6 4 Exports to Mexico Exports to Canada 2 Lower 48 states LNG exports Alaska LNG exports 0 2010…
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. Tight Oil Adam Sieminski , CFR, April 11, 2013 11
Domestic production of tight oil has grown dramatically over the past few years tight oil production for select plays million barrels per day 2.2 Eagle Ford 2.0 Bakken 1.8 Granite Wash 1.6 Bonespring 1.4 Monterey 1.2 Woodford 1.0…
U.S. tight oil production leads a growth in domestic production of 2.6 million barrels per day between 2008 and 2019 U.S. crude oil production million barrels per day History 2011 Projections 8 STEO April 2013 U.S. crude oil…
U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades annual U.S. net exports of total petroleum products, 1949 2011 million barrels per day 4 3 net product 2 exporter exports 1 0 -1 net…
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 20 Consumption 32% STEO forecast for 2014 37% 15 Net imports 40% 10 Domestic…
Light-duty vehicle liquids consumption is lower primarily due to more stringent CAFE standards light-duty vehicle liquids consumption million barrels per day 10 AEO2012 8 AEO2013 6 4 2 0 2010 2015 2020 2025 2030 2035…
Global tight oil production comparisons IEO2013 DRAFT BP Energy Outlook 2030 12 million barrels per day 10 Australia China Russia Argentina 8 Mexico Canada United States 6 4 2 0 2000 2010 2020 2030 Source: EIA,…
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…
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…
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