Sentences with phrase «u.s. shale»

«U.S. shale growth is very strong, the pace is very strong... The United States will become the No. 1 oil producer sometime very soon,» from Reuters.

Meanwhile, natural gas prices in the electric power sector (including supplemental gaseous fuels) for New York and nearby states have plummeted thanks to surging domestic natural gas production — one of the hallmarks of the U.S. shale energy revolution:

Blogger Paul Driessen highlights the benefits of U.S. shale development — game - changing technologies that have led to job creation and economic boosts across the country.

In 2010, U.S. shale gas production reached 4.87 Tcf (23 percent of total U.S. natural gas production), compared with 0.39 Tcf in 2000.

EIA's Annual Energy Outlook 2011 Reference case also reflects the growing importance of U.S. shale gas.

It is estimated that U.S. shale deposits contain 100 years of natural gas supply.

The surge in U.S. shale development through hydraulic fracturing and horizontal drilling in North Dakota, Oklahoma and Texas has boosted domestic oil production — 7.3 million barrels a day last week alone — to the highest level since 1986, according to the U.S. Energy Information Administration.

While the U.S. shale boom could potentially make up the difference, prices locked in below $ 50 a barrel have undercut any substantial growth there....

U.S. shale production increased six-fold to 265 billion cubic meters last year from 45 billion in 2007.

Oil and Gas Investor: The technology that fueled the U.S. shale revolution could breathe new life into old oil fields outside of North America.

The U.S. shale boom masks threats to the global oil supply, including Middle East turmoil, conflict in Ukraine, and the difficulty of unconventional oil production beyond North America, according to the International Energy Agency.

It is estimated that U.S. shale deposits contain 100 years of natural gas supply, a «game changer» that is rejuvenating America's chemistry industry — and can strengthen U.S. manufacturing, boost exports, create hundreds of thousands of new jobs, and improve our nation's energy security.

Refineries in Texas are seeing a much - needed boost as pipelines begin to carry landlocked crude oil from U.S. shale plays to the Gulf Coast.

Global economic expansion is driving oil demand higher and increasing production of U.S. shale oil, particularly from the Permian Basin...

The U.S. shale boom has allowed producers to unlock thousands of barrels of reserves, putting the United States on course to become the largest producer of oil globally, which would dramatically reduce its dependence on imports.

The U.S. shale oil industry hailed as a «revolution» has burned through a quarter trillion dollars more than it has brought in over the last decade.

U.S. Energy Information Administration data shows that the big decline in CO2 emissions coincides with the onset of the U.S. shale energy renaissance in the mid-2000s:

The U.S. shale oil boom is becoming its own worst enemy, say industry analysts, who see the supply glut pushing the price of oil so low it may become uneconomical to pry petroleum from those tight rock formations.

Modern hydraulic fracturing combined with horizontal drilling allows multiple wells to be drilled from one spot, reducing the size of the drilling area above ground by as much as 90 percent.4 Fracking is the key to unlocking vast U.S. shale resources, freeing up oil and natural gas that previously was inaccessible while protecting groundwater supplies and the environment.

U.S. oil production recently broke another record, jumping to 10.619 million barrels per day (mb / d) in the last week in April, and the sky seems to be the limit for U.S. shale drillers.

Energy Deputy Secretary Elizabeth Sherwood - Randall was speaking at a forum hosted by the German Marshall Fund in Brussels, Belgium, when she discussed the dramatic change in energy markets caused by the U.S. shale revolution.

Some analysts believe the prices are being kept artificially low by over-production in Saudi Arabia, aimed perhaps at scuppering the U.S. shale - oil industry.

U.S. shale can not plug the gap.

The U.S. Energy Information Administration (EIA) reports that the two plays provided 85 percent of U.S. shale gas production growth since the start of 2012, reflecting the blossoming production from shale and other tight - rock formations through safe fracking.

Chu is just one of many observers who say that natural gas produced from U.S. shale formations could change America's energy landscape.

If the oil prices stay low and U.S. shale oil extraction becomes uneconomic, maybe oil workers can find a new career in clean energy...

The actual leak rate is poorly known, but in any reasonable case U.S. shale gas production is a small, but not trivial, contributor to the global methane increase over the last several years.

Of that 8 percent, only about 1 percent can be related to U.S. shale gas production.

U.S. shale gas production began to ramp up around 2007 (the earliest data available from the Energy Information Administration), increasing from 1.99 trillion cubic feet to 8.50 trillion from 2007 to 2011 (latest data available from the agency).

Disregarding the role of the public sector in the U.S. shale revolution erases Mitchell's crucial strengths as a collaborator, scholar, and champion of public innovation efforts.

Then U.S. shale gas production could account for about 12 percent of the global methane increase over that time (it scales at approximately 4 percent of global increase per 1 percent leak rate).

A simple top - down analysis, based on global scale changes in carbon dioxide and methane, provides some insight into the potential impact of U.S. shale gas production and displacement of coal on global climate.

In 2014, OPEC deliberately ramped up production to take market share and try to turn off U.S. shale production.

In the few years following publication of the 2007 scenarios, at least three major energy - market events failed to fit the world energy model: the 2008 financial crisis; the U.S. shale - gas boom; and Germany's decision, after the Fukushima nuclear disaster, to speed up its transition to renewables.

It is estimated that U.S. shale deposits contain 100 years of natural gas supply, a «game changer» that is rejuvenating America's chemistry industry — and can strengthen U.S. manufacturing, boost exports, create hundreds of thousands of new jobs, and improve our nation's energy security.

Using the Rice World Gas Trade Model, the Energy Forum examines the geopolitical repercussions of expanding U.S. shale gas production.

Added Vengosh: «Our new study, which integrates data from multiple government and industry sources, provides the first comprehensive assessment of fracking's total water footprint, both nationally and for each of the 10 major U.S. shale gas or tight oil basins.»

Production of gas in the Marcellus, the biggest and fastest growing U.S. shale gas field centered under Pennsylvania and West Virginia, was expected to reach about 16.6 billion cubic feet per day (bcfd), up from just 2.0 bcfd five years ago, according to federal data.

It can be difficult to comprehend just how big the current U.S. shale boom is.

That would equal nearly one third of expected U.S. shale gas production and would require thousands of wells to be drilled in the next few years.

In a bid to develop expertise and cut the expense Chinese state - owned oil companies, such as Sinopec and China National Offshore Oil Corp., have begun to invest in U.S. shale gas development.

But the 9/11 attacks, the U.S. shale revolution, human rights concerns, and diverging interests in the Middle East have all put strains on this relationship.

«The market simply got too bullish without pausing to consider the response of U.S. shale,» Tran said, noting that domestic producers continue to see shale flourishing with oil in the mid-US $ 50 range.

However, gold may be the more attractive bet over the long term as geopolitical risks and rising U.S. shale production squeeze oil prices.

OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel's agreement to cut production, even as the world's total oil supply continued to rise on the back of burgeoning U.S. shale growth.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

But that then merely throws a lifeline to U.S. shale, which could come back to life if oil prices move closer to, say, $ 60 per barrel.

However, bullish optimism could be contained by rising production from U.S. shale refineries and growing criticism from the Trump administration over oil's inflated value.

«While oil could appreciate further if the U.S. withdraws from the 2015 Iran nuclear deal, gains are likely to remain limited by robust production from U.S. shale,» he wrote.

Many people hoped that it would hit the U.S. shale industry first and foremost but it hasn't happened so far,» said Vadim Yakovlev, first deputy chief at Gazprom Neft told Reuters.