Implications of the U.S. Shale Revolution For US-Canada Energy Summit October 17, 2014 Chicago, IL By Adam Sieminski, Administrator U.S. Energy Information Administration U.S. Energy Information Administration Independent…
U.S. is the largest producer of petroleum and natural gas in the world estimated U.S., Russia, and Saudi Arabia petroleum and natural gas production quadrillion Btu million barrels per day of oil equivalent 60.0 30 United States…
US-Canada Energy Summit October 17, 2014 3
These seven regions accounted for 95% of U.S. oil production growth and all U.S. natural gas production growth from 2011-2013 Source: EIA, Drilling Productivity Report US-Canada Energy Summit October 17, 2014 4
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 Eagle…
U.S. shale gas leads growth in total gas production through 2040, when production exceeds 100 billion cubic feet per day U.S. dry natural gas production trillion cubic feet billion cubic feet per day 2012 40 history projections 100…
Natural gas consumption growth is driven by electric power, industrial, and transportation use U.S. dry gas consumption trillion cubic feet 35.0 history projections 30.0 25.0 11.0 electric power 20.0 8.5 15.0 industrial*…
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…
Projected U.S. natural gas trade depends on assumptions regarding resources and future technology advances Reference case High Oil and Gas Resource case billion cubic trillion cubic feet per year trillion cubic feet per year feet per…
Shale gas in eastern Canada Of the four shale plays in Eastern Canada, two have been assessed by ARI Utica in Quebec has 31.1 Tcf of technically recoverable resources Horton Bluff in Nova Scotia has 3.4 Tcf of technically…
LNG export projects in eastern Canada Goldboro LNG Terminal H-Energy LNG Terminal Planned year in service 2019 2020 Liquefaction capacity 1.3 Bcf/d 0.6 Bcf/d Storage capacity 14.6 Bcf N/A Contract 20 year supply deal with E. On AG N/A…
Resources in eastern Canada are modest compared with the Canada national total Canada marketable resources in trillion cubic feet as of 12/31/12 Ontario and Quebec 8 YK West coast 17 NT NU East coast 91 BC AB NL SK MB QC…
Resource and technology assumptions have major implications for projected U.S. crude oil production beyond the next few years Reference case High Oil and Gas Resource case million barrels per day million barrels per day 2012 14 2012…
Most of the growth in production between 2011 and 2015 consists of sweet grades with API gravity of 40 or above U.S. crude oil production by type million barrels of oil per day history forecast 10 9 8 7 6 API 50+ 5 API 40-50…
U.S. rail carloads of crude oil and petroleum products exceed 1.5 million b/d in 2014 number of rail carloads per week million barrels per day 18,000 1.8 16,000 1.6 14,000 1.4 12,000 1.2 10,000 1 8,000 0.8 6,000 0.6 4,000 0.4…
U.S. is already a major net exporter of petroleum products U.S. petroleum product net exports million barrels per day 3 2 2015(e) 1 0 -1 -2 -3 1950 1960 1970 1980 1990 2000 2010 Source: EIA, Annual Energy Outlook 2014…
Over 60% of U.S. petroleum product exports go to the Americas, with Mexico and Canada as its largest global trading partners U.S. petroleum product gross exports million barrels per day 4000 3500 Canada 3000 Mexico 2500 Other…
Most significant contributors to non-OPEC crude and lease condensate production: Canada, Brazil, U.S., Kazakhstan, Russia non-OPEC crude and lease condensate production, Reference case million barrels per day 24 2010 2025 2040…
Tight oil production will spread to nations outside of the United States and Canada over the projection tight oil production, Reference case million barrels per day 8 AEO2014 High Resource case 7 2010 2025 2040 6 5 5.0 MMbbl/d…
Growing U.S. oil production and rising demand in China have together made China the worlds largest net oil importer net imports for China and the United States million barrels per day Aug-14 10 history projections 9 U.S. net imports…
Over the IEO projection, OPEC crude and lease condensate suppliers produce an additional 14 MMbbl/d petroleum and other liquid fuels production, Reference case million barrels per day history projections 60 53 50 46 non-OPEC crude…
Areas of uncertainty in the outlook Chinas energy demand growth; particularly in transportation EIA is working with MIT and others to upgrade the structural and macroeconomic determinates of transportation demand in all regions for…
For more information U.S. Energy Information Administration home page www.eia.gov Annual Energy Outlook www.eia.gov/aeo Short-Term Energy Outlook www.eia.gov/steo International Energy Outlook www.eia.gov/ieo Monthly Energy Review…