Outlook for shale gas and tight oil development in the U.S. For Deloitte Energy Conference May 21, 2013 Washington, DC By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis…
U.S. Shale Gas Adam Sieminski , Deloitte, May 21, 2013 2
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 March 2013 and converted to dry…
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 Shale gas Non-associated offshore Tight gas Alaska…
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…
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. natural gas imports and exports Reference case High resource case trillion cubic feet Exports to Mexico Exports to Canada Lower 48 states LNG exports Alaska LNG exports Imports from Canada LNG imports Source: EIA,…
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. Tight Oil Adam Sieminski , Deloitte, May 21, 2013 9
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 growth in domestic production Reference case High resource case million barrels per day History 2011 Projections History 2011 Projections STEO May 2013 U.S. crude oil projection Tight oil Tight…
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 32% STEO forecast for 2014 -8% Consumption 37% Net imports 40% Petroleum…
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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