Tight oil growth expectations, US… EIA

by Jim Colburn • Thursday, February 22, 2018

The EIA projects an increasing share of tight oil production in the US:

“EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the early 2040s, when it will surpass 8.2 million barrels per day (b/d) and account for nearly 70% of total U.S. production. Tight oil production made up 54% of the U.S total in 2017. Development of tight oil resources is more sensitive than nontight oil to different assumptions of future crude oil prices, drilling technology, and resource availability, but tight oil remains the largest source of U.S. crude oil production in all of the AEO2018 sensitivity cases.”

Here is the link:  https://www.eia.gov/todayinenergy/detail.php?id=35052

 

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