Sentences with phrase «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.

«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.

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.

Most observers expected a sharp reduction in U.S. tight oil production after rig counts fell with lower prices.

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.

The boom in hydraulic fracturing and tight oil production in the United States has helped undermine Russia's international standing by contributing to plummeting global oil prices.

They have access to both surging light - tight oil production, which will be in demand as low - sulfur requirements tighten in shipping at the end of the decade, as well as captive (and cheaper) Canadian heavy barrels.

This is even truer of shale gas and tight oil production, which yield faster returns and decline more rapidly.

Technological breakthroughs in shale gas and tight oil production are poised to make the United States — not Saudi Arabia — the world's largest producer of crude oil as early as the end of the decade, according to the latest World Energy Outlook published by the International Energy Agency (IEA).

Tight oil production has pushed total United States petroleum output to more than 10 million barrels a day, a rate last seen almost a half - century ago.