Hydraulic Fracturing

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  1. Future U.S. tight oil and shale gas production depends on resources, technology, markets

    Based on projections in the U.S. Energy Information Administration's Annual Energy Outlook 2016 (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale gas production is expected to reach 79 billion cubic feet per day (Bcf/d) in 2040. These values reflect Reference case projections, while several side cases with different assumptions of oil prices, technological advances, and resource availability have different levels of tight oil and shale gas production. U.S. production of tight oil and shale gas has increased significantly from 2010 to 2015, driven by technological improvements that have reduced drilling costs and improved drilling efficiency in major shale plays, such as the Bakken , Marcellus , and Eagle Ford . Production from tight oil in 2015 was 4.89 million barrels per day, or 52% of total U.S. crude oil production. From 2015 to 2017, tight oil production is projected to decrease by 700,000 barrels per day in the Reference case, mainly attributed to low oil prices and the resulting cuts in investment. However, production declines will continue to be mitigated by reductions in cost and improvements in drilling techniques. The use of more efficient hydraulic fracturing techniques and the application of multiwell-pad drilling, as well as changes in well completion designs, will allow producers to recover greater volumes from a single well. As oil prices recover, oil production from tight formations is expected to increase. By 2019, Bakken oil production is projected to reach 1.3 million b/d, surpassing the Eagle Ford to become the largest tight oil-producing formation in the United States. The Bakken, which spans 37,000 square miles in North Dakota and Montana, has a technically recoverable resource of 23 billion barrels of tight oil that can be produced based on current technology, industry practice, and geologic knowledge. Bakken production is projected to reach 2.3 million barrels per day by 2040, almost a third of the projected U.S. total tight oil production. Natural gas production from shale gas plays in 2015 accounted for 37.4 billion cubic feet per day (Bcf/d), or 50% of total U.S. natural gas production. Unlike production from tight oil, which declines in the near term before increasing later in the forecast period, natural gas production from shale gas plays is expected to increase through 2040 in the AEO2016 Reference case. The two Appalachian shale gas plays, the Marcellus and Utica, have factors favorable for production: shallower geologic formation depths and proximity to consuming markets. Both Appalachian shale gas plays have remained resilient to the low natural gas prices and are projected to continue to drive total U.S. production in the long term. Shale gas production in these plays is expected to reach more than 40 Bcf/d by 2040, providing just over half of U.S. total shale gas production. Two oil price side cases illustrate the effect of higher or lower global crude oil prices on production from tight formations. By 2040, the global benchmark Brent crude oil spot price averages $73/b in the Low Oil Price case, $136/b in the Reference case, and $230/b in the High Oil Price case. In the High Oil Price case, drilling activities increase tight oil production through 2026, after which it begins to decline. The opposite is true in the Low Oil Price case, where tight oil production declines slightly before increasing after 2026. Production of shale gas increases in both the High and Low Oil Price cases. In the resource and technology side cases, the estimated ultimate recovery for shale gas and tight oil wells in the United States is 50% higher or 50% lower than in the Reference case. Rates of technological improvement that reduce costs and increase productivity in the United States are also 50% higher or 50% lower than in the Reference case. By 2040, these cases result in the greater differences from Reference case production values than do the alternative oil price cases. Principal contributors: Danya Murali, Faouzi Aloulou

    Online Articles

    Online Articles

    Tue, 23 Aug 2016

  2. Unconventional Oil & Gas: Hydraulic fracturing gets quiet

    Liberty Oilfield Services, a privately-held oil & gas pressure pumping services company, is pleased to announce the release of its new Quiet Fleet.

    Online Articles

    Online Articles

    Wed, 17 Aug 2016

  3. EPA Science Advisory Board raises fresh questions about fracing study

    The US Environmental Protection Agency’s Science Advisory Board (SAB) raised fresh questions on Aug. 11 as it completed its peer review of the agency’s June 2015 draft of the its study on potential impacts from hydraulic fracturing for oil and gas on drinking water supplies.

    Online Articles

    Online Articles

    Mon, 15 Aug 2016

  4. Oil & Gas News: Feds, law professors say judge wrong to block fracking rules

    A federal judge in Wyoming was wrong to block rules for hydraulic fracturing on federal land, a group of law professors and lawyers for the federal government said in new court documents.

    Online Articles

    Online Articles

    Fri, 19 Aug 2016

  1. Gazprom Neft conducts 30-stage hydraulic fracturing operation

    Online Articles

    Online Articles

    Mon, 18 Jul 2016

  2. Hydraulic fracturing stymied in Canadian East

    Hydraulic fracturing remains stymied in two of Canada’s Atlantic provinces. New Brunswick has extended indefinitely a moratorium on the completion technique imposed in 2014. And an independent panel appointed that year to assess hydraulic fracturing in Newfoundland and Labrador has refused to ...

    Online Articles

    Online Articles

    Tue, 31 May 2016

  3. Wyoming Federal Judge Sides with States Industry, Strikes Down BLM Hydraulic Fracturing Rule

    On June 21, 2016, the US District Court for the District of Wyoming struck down the US Bureau of Land Management’s hydraulic fracturing regulations, finding that BLM “lacked Congressional authority to promulgate the regulations.” This decision is a win for industry and states’ rights, setting aside ...

    Online Articles

    Online Articles

    Fri, 15 Jul 2016

  4. Another win for statewide regulation of hydraulic fracturing

    Colorado has joined a growing list of states that prohibit municipalities from banning hydraulic fracturing .  

    Online Articles

    Online Articles

    Fri, 13 May 2016

  5. Unconventional Oil and Gas News: Garrett panel refining plans for gas-drilling economic study

    A Garrett County panel that advises state regulators on fracking concerns is refining its plans for a tourism impact study.

    Online Articles

    Online Articles

    Tue, 9 Aug 2016

  6. WEA sues BLM for not holding quarterly oil, gas lease sales

    The Western Energy Alliance has sued the US Bureau of Land Management for discontinuing quarterly onshore oil and gas lease sales. The Aug. 11 action in US District Court for New Mexico asks that the US Department of the Interior agency be directed to abandon its current leasing schedule ...

    Online Articles

    Online Articles

    Thu, 11 Aug 2016

  7. Sanders: Ban hydraulic fracturing nationwide

    Sen. Bernie Sanders (I-Vt.), seeking to become the Democratic Party’s candidate in this year’s presidential election, has called for a nationwide ban on hydraulic fracturing .

    Online Articles

    Online Articles

    Tue, 12 Apr 2016

  8. Report: Hydraulic fracturing market worth $90.55B by 2020

    The global hydraulic fracturing market is expected to reach US$90.55 billion by 2020, according to a new report by Grand View Research Inc. Hydraulic fracturing enables easier crude oil and natural gas extraction from unconventional reserves such as coalbed methane, shale formations, and tight ...

    Online Articles

    Online Articles

    Mon, 22 Feb 2016

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