Sentences with phrase «u.s. tight oil production»

U.S. tight oil production increased in 2017, accounting for 54 % of total U.S. crude oil production, in part because of the increasing productivity of new wells.

Not exact matches

Oil production from tight oil plays in the U.S. Source: Drilling Info and Labyrinth Consulting Services, InOil production from tight oil plays in the U.S. Source: Drilling Info and Labyrinth Consulting Services, Inoil plays in the U.S. Source: Drilling Info and Labyrinth Consulting Services, Inc..

Shale gas and tight oil from low permeability reservoirs have provided a new lease on life for U.S. oil and gas production.

I start (and started) from the premise that the dramatic decline in crude oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a function of the growth of unconventional (tight) U.S. oil production (a product of the combination of two technologies — horizontal drilling and hydraulic fracturing).

What we're seeing, of course, are the positive supply impacts of the U.S. energy renaissance — dramatic increases in domestic oil and natural gas production over the past several years, thanks to the safe development of shale and other tight - rock formations using hydraulic fracturing and horizontal drilling.

U.S. crude oil production rebounds from recent lows, driven by continued development of tight oil resources, with consumption flat to down compared to recent history.