Sentences with phrase «shale oil basins»
The final issue is just how much oil is left in the Permian and other shale oil basins that can be produced at wherever oil prices go.
http://www.resilience.org/ Not exact matches
The quest to regain the top producer spot in one of the most - prolific U.S. shale basins had eluded Hamm's Continental since at least 2014, when Whiting bought smaller rival Kodiak Oil and Gas.
The Obama administration is still reviewing a series of ambitious leasing plans drafted under former President George W. Bush that would have cleared the way to tap into the Green River basin, an area that crosses Utah, Colorado and Wyoming and is the home of America's largest oilsand and oil shale deposits.
- Chevron (NYSE: CVX) said it would invest $ 4 billion in the Permian Basin in 2018, and the oil major has plans to ramp up production from the shale basin to over 400,000 bpd over the next few years.
While WoodMac sees trouble ahead for the Permian, a separate study from IHS Markit estimates a massive volume of oil still remains in the Permian, and that the best days for the shale basin are ahead.
As for other UK basins said to hold large quantities of shale gas, like those containing the Carboniferous Bowland Shale in Lancashire and West Lothian Oil Shale in Scotland, they went through an additional previous episode of deformation about 290m years ago.
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.»
By December 2013, a projected 3.84 million barrels of oil per day were being produced by the four main oil - producing shale basins (minus Haynesville and the Marcellus with low oil production).
Comparison of the 2011 and 2013 reports ARI report coverage 2011 Report 2013 Report Number of countries 32 41 Number of basins 48 95 Number of formations 69 137 Technically recoverable resources, including U.S. Shale gas (trillion cubic feet) 6,622 7,299 Shale / tight oil (billion barrels) 32 345 Note: The 2011 report did not include shale oil; however, the Annual Energy Outlook 2011 did (for only the U.S.) and is included here for completeness.
I am too lazy to search for the source information, but I recall that discovery of a major shale gas / oil basin in central CA was announced recently by the USGS.