Sentences with phrase «tight oil resources»

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.

As demand for oil outstrips conventional oil supplies, a growing share of oil is coming from tight oil resources, especially in the United States.

Not exact matches

Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S. shale drilling world, where producers rely on advanced techniques to coax oil and gas from tight rock formations.

In today's tighter price environment, Big Oil is in a renewed competitive position because there is competition for new capital investments, which means lower production taxes, much lower production costs, and easy access to resources.

«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.

East Asia boasts shale and tight - oil resources greater than those of the United States.

The U.S. Energy Information Agency (EIA) reports that over 1,300 trillion cubic feet of technically recoverable shale and tight natural gas and 89 billion barrels 9 of technically recoverable shale oil resources currently exist in discovered shale and tight sandstone plays.

The examples are many, but the point is the same: if the people are poor and their basic need are not met, no country can afford tighter environmental regulations, emission cuts and renounce resource exploitation, even if that is oil.

This rapid change reversed a decade of declining domestic production and can be traced to a single resource: tight oil.

Table 9.3 used for tight oil and Table 9.2 dry unproved natural gas (shale gas) resource estimate was multiplied by 1.045 so as to include natural gas plant liquids for an unproved wet natural gas volume.

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.

Technology has brought about tight oil (shale oil), deep water and oil sands resources.

«The increased exploration and development spend we're seeing in this year's study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing these unconventional resources.»

It has also led them to explore for and develop more carbon intensive unconventional fossil resources such as tight oil, with associated increases in emissions from flaring; thermal enhanced oil recovery, with increased emissions associated with producing steam, and oil sands, with increased emissions associated with extraction, upgrading and refining (Brandt et al. 2010).

Hydraulic fracturing is an essential process used in the development of unconventional resources, such as gas shale, shale oil and other tight formations.

Upstream oil and gas (including conventional and shale, tight gas, coalbed methane, and other unconventional resources, both onshore and offshore),