Outlook for shale gas and tight oil development in the U.S. For Washington Association of Money Managers April 18, 2013 Washington, DC By Adam Sieminski, Administrator U.S. Energy Information Administration Independent…
U.S. Shale Gas Adam Sieminski , WAMM, April 18, 2013 2
An average well in shale gas and other continuous resource plays has steep decline curves million cubic feet per year 2,000 Cumulative production = EUR Haynesville 100% Eagle Ford 1,500 Woodford Marcellus 50% Fayetteville 1,000…
Oil production by monthly vintage of wells in the Williston Basin production grows with continued drilling million barrels per day 1.2 1.0 0.8 0.6 0.4 0.2 0.0 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Source: DrillingInfo…
Domestic production of shale gas has grown dramatically over the past few years shale gas production (dry) billion cubic feet per day 30 Rest of US Marcellus (PA and WV) 25 Haynesville (LA and TX) Eagle Ford (TX) 20 Bakken (ND)…
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 History 2011 Projections 35 30 25 Shale gas 20 15 Non-associated offshore Tight gas…
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 35 *Includes combined heat-and-power and…
Growth of natural gas in transportation, excluding pipeline use, 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 2.0 1.8 1.6 1.4…
U.S. natural gas imports and exports Reference case High resource case trillion cubic feet 10 10 8 8 Exports to 6 Mexico 6 Exports to 4 Canada 4 Lower 48 states 2 LNG exports 2 Alaska LNG 0 exports 0 Imports from -2…
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 35 30 25 Consumption 20 Domestic supply 15 10…
U.S. Tight Oil Adam Sieminski , WAMM, April 18, 2013 11
Domestic production of tight oil has grown dramatically over the past few years tight oil production for select plays million barrels per day 2.5 Eagleford (TX) Bakken (ND & MT) Spraberry (TX Permian) 2.0 Wolfcamp (TX Permian)…
U.S. tight oil production leads growth in domestic production Reference case High resource case million barrels per day History 2011 Projections History 2011 Projections 10 10 STEO April 2013 U.S. crude oil projection 8 8 Tight…
Light-duty vehicle liquids consumption is lower primarily due to more stringent CAFE standards light-duty vehicle liquids consumption million barrels per day 10 AEO2012 8 AEO2013 6 4 2 0 2010 2015 2020 2025 2030 2035…
U.S. dependence on imported liquids depends on both supply and demand U.S. liquid fuel supply million barrels per day History 2012 2014 Projections 25 32% STEO forecast for 2014 20 -8% Consumption 15 37% Net imports 40% Petroleum…
Global tight oil production comparisons IEO2013 DRAFT BP Energy Outlook 2030 million barrels per day 12 Australia China 10 Russia Argentina Mexico Canada 8 United States 6 4 2 0 2000 2010 2020 2030 Source:…
Uncertainties that could slow global growth of shale gas and tight oil Resource quantities and distribution Surface vs. mineral rights Risk appetite of industry participants Infrastructure and technology Environmental…
U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades annual U.S. net imports of total petroleum products, 1949 2012 million barrels per day 4 3 net imports product 2 exporter 1 net imports 0…
U.S. and Saudi Arabian crude oil and petroleum liquids production million barrels per day 14 12 10 8 refinery 6 processing gain other liquids 4 natural gas liquids 2 crude oil 0 2008 2009 2010 2011 2012 2013 Note: Volumes…
EIAs strategic priorities Transforming data operations Essential to radically improve our data collection and management processes. EIA must improve business processes, employing common, maintainable IT systems and platforms and…
Increasing demand for current market analysis from EIA Gas markets LNG exports and impact on domestic prices over time Oil and gas production data (federal lands vs. rest), forecasts, and reserves Crude and product markets, refining…
Keynote Speakers Thomas Fanning Chairman, President and CEO Southern Company Aldo Flores-Quiroga Secretary General International Energy Forum Hans Rosling Chairman Gapminder
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…
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