The U.S. Oil and Natural Gas Production Outlook for PRG Energy Outlook Conference September 22, 2014 by Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov
U.S. energy use grows slowly over the projection reflecting steady growth in GDP offset by improving energy efficiency U.S. primary energy consumption quadrillion Btu Shares of total U.S. energy 2012 120 history projections renewables…
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…
Onshore natural gas production continues to grow, outpacing declines in offshore and causing net imports to shrink U.S. Natural Gas Production and Imports billion cubic feet per day (Bcf/d) annual change (Bcf/d) 80 8 70 7 60 6 50 5…
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 2012 40 history projections 100 30 75 consumption 20 50 domestic supply 10 25 0 0…
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 day…
Coal generation is reduced in a high gas availability case, but it does not gain much in a low gas availability case U.S. electricity net generation, Reference case U.S. electricity net generation, High Resource case trillion…
Production of crude oil and liquids is projected to grow by over 1.2 million barrels per day in both 2014 and 2015 U.S. Crude Oil and Liquid Fuels Production million barrels per day annual change (MMbbl/d) 16 1.6 14 1.4 12 1.2 10 1.0…
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…
U.S. oil production growth helping to offset unplanned outages estimated unplanned crude oil production outages million barrels per day 4.0 U.S. Production growth* 3.5 Other Non-OPEC 3.0 Non- Syria OPEC 2.5 Sudan / S. Sudan 2.0…
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 Jul-14 10 history projections 9 U.S. net imports 8…
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 in…
EIA Reference scenario shows world tight oil production increasing to almost 8 million b/d in 2025 tight oil production million barrels per day history 2012 projections 10 World (IEO2014 Reference case) 8 6 U.S. (AEO2014 &…
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…
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…
Distillation processes and resulting products processed products for domestic use or exportable without license processed finished petroleum products and other condensate processed hydrocarbon liquids EIA Refinery Survey other…
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…
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