Sentences with phrase «tight oil»

In the rush for tight oil, the money is lucrative, so the rush is on faster than infrastructure can keep up.
Consider in particular the technological progress that enabled producers to tap tight oil reserves.
In fact, tight oil companies are losing more than twice as much money in Q1 2015 as they were in 2014.
Using less oil — and transitioning to cleaner transportation technologies — would help decrease the need for unconventional energy sources like tight oil or tar sands.
If interest rates increase with a stronger economy, capital may flow to more productive investments that offer yields that are more competitive with higher risk tight oil offerings.
«We have an explosion of tight oil production in Canada and the United States, and most of it is moving by train,» said Anthony Swift, a lawyer with the Natural Resources Defense Council in Washington.
Oil production from tight oil plays in the U.S. Source: Drilling Info and Labyrinth Consulting Services, Inc..
The more important effect comes from the second chart below, which shows increased production largely from U.S. light tight oil in North Dakota and Montana.
Texas had the largest increase in proved reserves of crude oil and lease condensate, 2,054 million barrels, representing 60 percent of the nation's total net increase in 2014, coming mainly from tight oil plays (e.g., Wolfcamp, Bone Spring) in the Permian Basin and the Eagle Ford Shale play.
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.
Shale deposits in North Dakota, New York, Texas, and elsewhere have helped increase U.S. tight oil production from 23 percent of domestic oil production in 2011 to 45 percent in 2013.
Natural gas is found in the same rock formations as tight oil and is produced as oil is fracked.
Geological conditions for continental tight oil formation and the main controlling factors for the enrichment: A case of Chang 7 Member, Triassic Yanchang
The US Energy Information Administration has reported that drilling for shale gas and light tight oil in the United States became much more efficient throughout the period 2007 — 2014.
North Dakota had the second - largest increase, 362 million barrels, representing 11 percent of the nation's net increase in 2014, mostly from the Bakken tight oil play in the Williston Basin.
We explore this possibility in a Low Oil Price Case, in which a doubling of the estimate for tight oil resources, to more than 200 billion barrels, boosts US supply and more widespread application of digital technologies helps to keep a lid on upstream costs around the globe.
In our projections, the 8 mb / d rise in US tight oil output from 2010 to 2025 would match the highest sustained period of oil output growth by a single country in the history of oil markets.
Ministers seemed to embrace the notion of a significantly tighter oil market.
David Hughes, of Global Sustainability Research Inc., pointed out that production from tight oil fields like North Dakota's Bakken and Texas» Eagle Ford plays quickly reach what he called «middle age,» when production begins to fall off.
However, this decrease is expected to be more than offset by rising production from a variety of emerging supply sources — including tight oil, deepwater, oil sands, natural gas liquids and biofuels.
Canadian oil sands development is now operating at scale, the shale gas and tight oil revolutions are upon us in the United States, and major institutional energy reforms in Mexico are under way that could enable substantial new investment in the Mexican oil and gas sector.
Lee said shale gas and tight oil deposits are not found in the ash layers but appear to be associated with them.
Dominic Schnider of UBS Wealth Management says an already tight oil market could see further price gains if the U.S. decides not to continue issuing waivers on economic sanctions for Iran.
Production from the main tight oil plays fell about 77,000 bpd in January 2015, was basically flat in February and increased 51,000 bpd in March (Figure 10).
«If this leads to a larger discount in tight oil grades, further incentivizing domestic processing, the U.S. may be set up poorly for strengthening distillate demand later in the year.»
This makes the predicted tsunami of tight oil less likely to overwhelm the market (at least until oil hits $ 55 to $ 60, then watch out!).
With huge new amounts of lease condensate coming from America's condensate - rich tight oil fields — the ones tapped by hydraulic fracturing or fracking — the United States isn't producing quite as much actual crude oil as the raw numbers would lead us to believe.
However, in spite of their attempts to destroy the North American tight oil industry be assured that the Saudis have failed.
Remember, if crude prices rise too high and too soon, it will only cause a flood of oil coming out of the U.S.» various tight oil plays.
This dynamic is in a transitional period due to America's expansion in their own tight oil and shale gas production, and a forecasted decrease in oil and natural gas consumption in the coming years.
With the advent of new technologies such as horizontal drilling and multi-stage fracturing to extract tight oil, North America has seen a significant increase in drilling activity over the last 5 years.
Gains in Texas crude oil production come primarily from unconventional tight oil and shale reservoirs in the Eagle Ford Shale in the Western Gulf Basin and the Permian Basin in West Texas.
A string of deals have been announced including land sales, assets being put on the block and midstream deals in the Canadian tight oil and gas sector.
The following map shows just how many loading and unloading terminals have been constructed since 2010: Loading facilities (red dots) are located throughout the major tight oil plays in North America, including the Bakken formation in North Dakota and the Western Canadian Sedimentary Basin (WCSB).
The recent growth in unconventional oil production from the Bakken (North Dakota), Eagle Ford (Texas) and other tight oil plays has drawn attention to the potential of shale in California's Monterey Formation.
However, completion techniques like hydraulic fracturing which have made tight oil production possible from shale deposits elsewhere have not yet been widely implemented in the shale source rocks of the Monterey Formation.
Once US tight oil plateaus in the late 2020s and non-OPEC production as a whole falls back, the market becomes increasingly reliant on the Middle East to balance the market.
Mitigating tight oil's harmful climate effects means managing the methane it produces — but quantifying methane emissions is notoriously difficult.
By 2040, onshore production of tight oil rises to 51 percent of total onshore production in the lower 48, up from 33 percent last year.
Fracking for tight oil involves drilling downward for up to 10,000 feet, then horizontally for thousands more feet.
Colorado had the fourth - largest increase in crude oil and lease condensate reserves in 2014, from the Niobrara / Codell tight oil play in the Denver Basin.
The Bakken / Three Forks play in the Williston Basin retained its rank as the largest tight oil play in the United States in 2014, followed by the Eagle Ford.
Slaughter estimated U.S. technically recoverable, economically feasible tight oil reserves at more than 40 billion barrels:

Phrases with «tight oil»

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