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.
Not exact matches
Advances in horizontal drilling and hydraulic fracturing over the past 20 years led to a U.S. energy boom in «
unconventionals,» a category that includes the shale gas and «
tight»
oil found in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.
His research focus is on
unconventional fuels, primarily shale gas and
tight oil, but also coalbed methane and other
unconventional sources, including
oil sands, coal gasification and gas hydrates.
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.
His study attributes the expected growth in
oil output largely to a combination of high
oil prices and new technologies such as hydraulic fracturing that are opening up vast new areas and allowing extraction of «
unconventional»
oil such as
tight oil,
oil shale, tar sands and ultra-heavy
oil.
The most obvious change has been the renaissance of
oil and gas production: the growth in
unconventional gas production, alongside increased output of light
tight oil, is making a substantial contribution to economic activity and competitiveness.
Unfortunately, the mainstream media and politicians on both sides of the aisle are parroting the hype, claiming — in Obama's case — that
unconventional oil can play a key role in an «all of the above» energy strategy and — in Romney's — that increased production of
tight oil and tar sands can make North America energy independent by the end of his second term.
I start (and started) from the premise that the dramatic decline in crude
oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a function of the growth of
unconventional (
tight) U.S.
oil production (a product of the combination of two technologies — horizontal drilling and hydraulic fracturing).
Using less
oil — and transitioning to cleaner transportation technologies — would help decrease the need for
unconventional energy sources like
tight oil or tar sands.
«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),