Sentences with phrase «tight oil reserves»
Slaughter estimated U.S. technically recoverable, economically feasible tight oil reserves at more than 40 billion barrels:
http://energytomorrow.org/
Consider in particular the technological progress that enabled producers to tap tight oil reserves.
Not exact matches
shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.
Industry innovators took a process used for more than 60 years, modernized it and married it with it with advanced horizontal drilling to safely unleash previously inaccessible oil and natural gas reserves from shale and other tight - rock formations.
Hydraulic fracturing is modern technology, safely and responsibly developing vast reserves of oil and natural gas from shale and other tight - rock formations.
Hydraulic fracturing is a modern technology, safely and responsibly developing vast reserves of oil and natural gas from shale and other tight - rock formations.
The revolution is a shale energy / fracking revolution, carried along by the combination of modern hydraulic fracturing and advanced horizontal drilling that unlocked vast reserves of oil and natural gas in shale and other tight - rock formations.
The shift is the result of surging oil and natural gas production using advanced hydraulic fracturing and horizontal drilling, harnessing oil and gas reserves in shale and other tight - rock formations.
Tight oil plays, mostly from shale formations, accounted for 33 percent of all the crude oil and lease condensate proved reserves.
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.
Most (95 percent) U.S. tight oil proved reserves in 2014 came from six tight oil plays.