Insight
US tight oil production surges, but global progress slow
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Report summary
Global tight oil production is forecast to grow from 2.0 million b/d in 2012 to 5.7 million b/d in 2020 and 7.3 million b/d in 2030. The US accounts for the majority of tight oil volumes, with supply forecast to double from 1.8 million b/d in 2012 to 3.6 million b/d in 2015 and reach 4.9 million b/d in 2020. The pace of growth in the US has been unprecedented and challenges some of the biggest country increases in oil production history. The focus of activity in the US has been on two...
Table of contents
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Executive Summary
- US production soars
- Myriad of factors drive increases in key plays
- Global development will be slow
- Russia and Argentina to the fore
- Greater range of potential outcomes outside North America
- Market implications
Tables and charts
This report includes 10 images and tables including:
- US tight oil base case
- Comparison to other high growth eras
- Pad drilling supports efficiencies
- Lateral lengths and drilling times, Gonzalez and Karnes counties, Eagle Ford
- Base case production outlook (outside North America)
- Distribution of tight oil production in 2030
- Recent key tight oil activity outside North America
- Greater upside potential exists in tight oil plays outside North America
- US tight oil production surges, but global progress slow: Image 9
- Key global production capacity increases, 2013 to 2030
What's included
This report contains:
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