Outlook for shale gas and tight oil development in the U.S. for IFRI March 14, 2013 Paris, France by Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
Annual Energy Outlook 2013 projections to 2040 Growth in energy production outstrips consumption growth Crude oil production rises sharply over the next decade Motor gasoline consumption reflects more stringent fuel economy…
U.S. energy use grows slowly over the projection reflecting improving energy efficiency and slow, extended economic recovery U.S. primary energy consumption quadrillion Btu Shares of total U.S. energy History 2000 2011 Projections…
U.S. Shale Gas Adam Sieminski , IFRI March 14, 2013 4
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 1 Source: EIA, Annual Energy Outlook 2012 Adam…
For example: Oil production by monthly vintage of wells in the Williston Basin Source: DrillingInfo history through August 2012, EIA Short-Term Energy Outlook, February 2013 forecast Adam Sieminski , IFRI March 14, 2013 6
Domestic production of shale gas has grown dramatically over the past few years shale gas production (dry) billion cubic feet per day Sources: LCI Energy Insight gross withdrawal estimates as of January 2013 and converted to dry…
Shale gas leads growth in total gas production through 2040 U.S. dry natural gas production trillion cubic feet History 2011 Projections Shale gas Non-associated offshore Tight gas Alaska Coalbed methane Associated with…
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 *Includes combined heat-and-power and lease…
Growth of natural gas in transportation 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 3.0 2.5 28% 2.0 Gas to liquids 1.5…
Total natural gas exports nearly quadruple by 2040 in the AEO2013 Reference case U.S. natural gas exports trillion cubic feet Exports to Mexico Exports to Canada Lower 48 LNG exports Alaska LNG exports Source: EIA,…
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 Consumption Domestic supply Net…
U.S. Tight Oil Adam Sieminski , IFRI March 14, 2013 13
Domestic production of tight oil has grown dramatically over the past few years tight oil production for select plays million barrels per day Source: Drilling Info (formerly HPDI), Texas RRC, North Dakota department of mineral…
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 Feb. 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 2005 2011 Projections Consumption 37% 60% 45% Net imports Domestic supply Source: EIA, Annual…
Light-duty vehicle liquids consumption is lower primarily due to more stringent CAFE standards light-duty vehicle liquids consumption million barrels per day AEO2012 AEO2013 Source: EIA, Annual Energy Outlook 2013 Early Release…
Global tight oil production comparisons IEO2013 DRAFT BP Energy Outlook 2030 million barrels per day Source: Preliminary International Energy Outlook 2013, BP Energy Outlook 2030 Adam Sieminski , IFRI March 14, 2013 19
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...
