Outlook for U.S. shale oil and gas The Energy Council Conference March 8, 2014 Washington, DC By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
The U.S. has experienced a rapid increase in natural gas and oil production from shale and other tight resources U.S. tight oil production U.S. dry shale gas production million barrels of oil per day billion cubic feet per day 3.5…
U.S. crude oil and natural gas production is up dramatically since 2010 and will continue to grow rapidly; this has strategic implications for the United States Refinery operations/investment Logistics infrastructure investment…
U.S. 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 billion cubic feet per day History 2012 Projections 40 100 35 90 30 80 25 70 Shale…
U.S. natural gas consumption growth is driven by electric power, industrial, and transportation use U.S. dry gas consumption trillion cubic feet History Projections 35 30 11.0 Electric 25 power 20 8.5 Industrial* 15 11.2 9.1 10…
U.S. manufacturing output and natural gas use grows with low natural gas prices, particularly in the near term manufacturing natural gas consumption quadrillion Btu billion cubic feet per day 9 24 8 Refining and 20 7 related 6 16 5…
U.S. natural gas use in the transportation sector grows rapidly with the largest share in freight trucks natural gas use by mode trillion Btu billion cubic feet per day 900 2.5 800 Approximate crude oil equivalent, 700 (thousand…
U.S. becomes a net exporter of natural gas in the near future U.S. dry natural gas trillion cubic feet per year billion cubic feet per day History 2012 Projections 40 100 30 75 Consumption 20 50 Domestic supply 10 25 Net…
U.S. natural gas gross exports exceed 5 tcf in 2025 U.S. natural gas imports and exports trillion cubic feet per year billion cubic feet per day History 2012 Projections 10 2025 25 8 5.4 tcf of exports (14.8 bcf/day) 20 6 Pipeline…
Planned liquefaction projects in the Americas would increase the regions total capacity 8-fold by 2019 Liquefaction (bcf/d) Country Operating Construction Engineering Peru 0.6 Trinidad and Tobago 2.0 Colombia 0.1 United States 1.2…
On an oil-equivalent basis, the Americas are the largest producer of liquid fuels and natural gas in the world liquid fuels and natural gas production by region million barrels per day, oil equivalent 50 45 Americas 40 Middle East 35…
Growing tight oil and offshore crude oil production drive U.S. output close to historical high U.S. crude oil production million barrels per day History 2012 Projections 10 U.S. maximum production level of 9.6 million barrels per…
U.S. transportation sector motor gasoline demand declines, while diesel fuel accounts for a growing portion of the market transportation energy consumption by fuel quadrillion Btu History Projections 30 2012 2030 2040 25 20 59%…
U.S. maintains status as a net exporter of petroleum products U.S. petroleum product imports and exports million barrels per day History 2012 Projections 4 3 Distillate exports 2 Motor gasoline exports Total petroleum product net…
U.S. gross product exports meeting increasing Latin American demand for liquid fuels U.S. petroleum product exports to the Americas U.S. petroleum product imports from the Americas thousand barrels per day thousand barrels per day…
OPEC countries now account for most unplanned outages estimated unplanned crude oil production outages thousand barrels per day 3,500 3,000 Other Non-OPEC 2,500 Syria Non- OPEC Sudan/S. Sudan 2,000 Iraq 1,500 Nigeria 1,000 OPEC…
U.S. dependence on imported liquids declines, particularly in the near term U.S. liquid fuel supply million barrels per day History 2012 Projections 25 2005 2016 2040 20 Consumption 25% 15 32% 60% 40% Net imports 10 Domestic…
U.S. energy-related CO2 emissions remain below the 2005 level throughout the projection period carbon dioxide emissions billion metric tons History 2012 Projections 7 2005 6 5 4 3 Energy-related carbon dioxide emissions are…
EIA & Ground Water Protection Council EIA will collaborate with member states of the Ground Water Protection Council (GWPC) on oil and gas data EIA serving as repository for well-level information including important data on…
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