U.S. Oil and Natural Gas Production Outlook: the Gulf of Mexico and Other Areas for 4th Annual Argus Americas Crude Summit January 27, 2012 Houston, TX by Howard Gruenspecht, Acting Administrator U.S. Energy Information…
U.S. natural gas production continues to grow Total marketed U.S. production and imports Change from prior year billion cubic feet per day billion cubic feet per day (line chart) (column chart) 70 16.00 68 14.00 66 12.00 64 10.00 62…
Domestic natural gas production grows faster than consumption U.S. dry gas trillion cubic feet per year History 2010 Projections 30 25 Consumption 20 Domestic supply 15 10 5 Net imports 0 -5 1990 1995 2000 2005 2010 2015 2020…
Shale gas offsets declines in other U.S. production sources U.S. dry gas production trillion cubic feet per year History 2010 Projections 30 25 49% 20 Shale gas 23% 15 21% Non-associated onshore 9% 9% Non-associated offshore 10…
Domestic crude supply increases, focused on lower-48 onshore production in the short term Total domestic crude oil production Change from prior year million barrels per day million barrels per day (line chart) (column chart) 6.0 1.60…
U.S. dependence on imported petroleum continues to decline U.S. liquid fuel supply million barrels per day History 2005 2010 Projections 25 20 Consumption 36% 15 60% 49% Net petroleum imports 10 Domestic supply* 5 0 1970…
Global liquids production increases 25% while market shares hold relatively stable liquids production million barrels per day History 2010 Projections 120 100 42% 80 OPEC 40% 60 35% 40 Other non-OECD 35% 20 19% OECD Americas…
Gulf of Mexico deepwater drives production increases U.S. crude oil production million barrels per day 8 History 2010 Projections 7 Other Offshore 6 Deep GoM 5 Shallow GoM 4 Gulf Coast Alaska 3 Other Onshore 2 1 0 1990 1995…
For more information U.S. Energy Information Administration home page www.eia.gov Short-Term Energy Outlook www.eia.gov/steo Annual Energy Outlook www.eia.gov/aeo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…