JPT EIA Adds New Plays to Shale Gas, Tight Oil Reports

Stephen Whitfield, Senior

SPE.org 

The US Energy Information Administration (EIA) has added new play production data to its shale gas and tight oil reports. Last December, US shale and tight plays produced approximately 65 Bcf/D of natural gas and 7 million B/D of crude oil, accounting for 70% and 60% of US production in those areas, respectively. These totals represent a significant jump in the last 10 years: shale gas and tight oil accounted for 16% of total US gas production and approximately 12% of US total crude oil production, according to EIA statistics. EIA updated its production volume estimates to include seven additional shale gas and tight oil plays, increasing the share of shale gas by 9% and tight oil by 8% compared with previously estimated shale production volumes. The change captures increasing production from new, emerging plays as well as from older plays that had previously been in decline, but are now rebounding because of advancements in horizontal drilling and hydraulic fracturing.

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