Www.eia.gov U.S. Energy Information Administration Independent Statistics & Analysis Status and outlook for shale gas and tight oil development in the.

Slides:

Advertisements

Similar presentations

U.S. Energy Information Administration Independent Statistics & Analysis American Gas Association Legislative Forum May 1, 2012| Miami, FL.

Advertisements

U.S. Energy Information Administration Independent Statistics & Analysis U.S. Energy Outlook For International Monetary Fund January 14, 2013.

{. AMERICAN OIL ENERGY INDEPENDENCE ………… IN THE REAL WORLD Dr. John Anthony Scire, PhD, 6 February 2013.

U.S. Energy Information Administration Independent Statistics & Analysis Annual Energy Outlook 2014 Early Release Reference Case AEO2014 Early.

U.S. Energy Information Administration Independent Statistics & Analysis Global Oil Geopolitics Rio Oil & Gas Conference September 17, 2012|

U.S. Energy Information Administration Independent Statistics & Analysis The U.S. Natural Gas and Shale Production Outlook for North American.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for U.S. shale oil and gas IAEE/AEA Meeting January 4, 2014.

U.S. Energy Information Administration Independent Statistics & Analysis Oil and Gas Outlook For Independent Petroleum Association of America.

U.S. Energy Information Administration Independent Statistics & Analysis U.S. Energy Outlook For Baltimore Chartered Financial Analyst Society.

U.S. Energy Information Administration Independent Statistics & Analysis Annual Energy Outlook 2015 AEO2015 Rollout Presentation Center for.

Annual Energy Outlook 2015 For Columbia University

U.S. Energy Information Administration Independent Statistics & Analysis Winter Fuels Outlook For New York Energy Forum October 23, 2014 |

U.S. Energy Information Administration Independent Statistics & Analysis Implications of the U.S. Shale Revolution For US-Canada Energy Summit.

U.S. Energy Information Administration Independent Statistics & Analysis International Energy Outlook 2014 For Columbia University Center on.

U.S. Energy Information Administration Independent Statistics & Analysis The U.S. Oil and Natural Gas Production Outlook for PRG Energy Outlook.

U.S. Energy Information Administration Independent Statistics & Analysis Supply, Demand, and Export Outlook for North American Oil and Gas.

U.S. Energy Information Administration Independent Statistics & Analysis AEO2012 Reference Case June 2012 | Washington, DC Annual Energy Outlook.

U.S. Energy Information Administration Independent Statistics & Analysis Oil and natural gas supply and demand trends in North America and.

U.S. Energy Information Administration Independent Statistics & Analysis US Extractive Industry Overview: Oil, Gas, and Coal United States.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. For Council.

U.S. Energy Information Administration Independent Statistics & Analysis Lower oil prices and the energy outlook For Alaska Oil & Gas Association.

U.S. Energy Information Administration Independent Statistics & Analysis U.S. oil and natural gas outlook IAEE International Conference June.

Outlook for shale gas and tight oil development in the U.S.

1 What Happened? Why are We Talking about Exports? Natural Gas, Refined Products, and Crude Oil Pittsburgh Energy Law and Policy Institute August 2, 2013.

U.S. Energy Information Administration Independent Statistics & Analysis EIA Drilling Productivity Report For Center on Global Energy Policy,

U.S. Energy Information Administration Independent Statistics & Analysis Energy Outlook For NY Energy Forum October 29, 2013 | New York, NY.

U.S. Energy Information Administration Independent Statistics & Analysis Federal Forecasters Conference – The Value of Government Forecasts.

U.S. Energy Information Administration Independent Statistics & Analysis IEA and EIA: Similarities and Differences in Projections and Approaches.

U.S. Energy Information Administration Independent Statistics & Analysis Status and outlook for shale gas and tight oil development in the.

U.S. Energy Information Administration Independent Statistics & Analysis Transformation of the U.S. energy landscape Georgetown Energy and.

International Energy Outlook 2010 With Projections to 2035.

U.S. Energy Information Administration Independent Statistics & Analysis The U.S. Natural Gas Market in Focus for Flame 2012 April 17, 2012.

U.S. Energy Information Administration Independent Statistics & Analysis EIA and NASEO National Association of State Energy Officials February.

U.S. Energy Information Administration Independent Statistics & Analysis Status and outlook for shale gas and tight oil development in the.

Energy Information Administration Official Energy Statistics from the U.S. Government Annual Energy Outlook 2008 Energy Information Administration December.

U.S. Energy Information Administration Independent Statistics & Analysis Status and outlook for shale gas and tight oil development in the.

The Outlook for Electricity Supply and Demand to 2035: Key Drivers

The Outlook for Energy Markets.  World oil markets have become increasingly tight since  Global demand growth, fed by worldwide economic growth,

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for Energy Markets for U.S. Chamber of Commerce October 15,

The Northeast Natural Gas Market in 2030 LNG EXPRESS CONFERENCE Boston, Massachusetts September 21, 2006 William Trapmann Natural Gas Analysis Team Leader.

U.S. Energy Information Administration Independent Statistics & Analysis Natural Gas Markets: Recent Changes and Key Drivers for LDC Gas Forum.

Richard Newell, SAIS, December 14, The Paul H. Nitze School of Advanced International Studies December 14, 2009 Washington, DC Richard Newell, Administrator.

U.S. Energy Information Administration Independent Statistics & Analysis International Energy Outlook 2013 for Center for Strategic and International.

U.S. Energy Information Administration Independent Statistics & Analysis Prospects for U.S. Oil & Natural Gas for The Aspen Institute: Global.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. For Bank.

U.S. Energy Information Administration Independent Statistics & Analysis Energy Markets for The Payne Institute for Earth Resources at the.

U.S. Energy Information Administration Independent Statistics & Analysis Oil and gas outlook For New York Energy Forum October 15, 2015 | New.

U.S. Energy Information Administration Independent Statistics & Analysis U.S. Petroleum Exports Global Oil: Midstream and Downstream Morgan.

U.S. Energy Information Administration Independent Statistics & Analysis Key Drivers Affecting the Outlook for Renewables For US Power & Renewable.

U.S. Energy Information Administration Independent Statistics & Analysis Lower oil prices and the energy outlook May 2015 Ottawa, Canada By.

U.S. Energy Information Administration Independent Statistics & Analysis Annual Energy Outlook 2014 Early Release Reference Case AEO2014 Early.

Energy Information Administration Official Energy Statistics from the U.S. Government Annual Energy Outlook 2009 Early Release Energy Information Administration.

Shale Gas in the United States: Recent Developments and Outlook.

U.S. Energy Information Administration Independent Statistics & Analysis Energy Markets for Metropolitan State University of Denver November.

U.S. Energy Information Administration Independent Statistics & Analysis Annual Energy Outlook 2015 United States Energy Association USEA Executive.

U.S. Energy Information Administration Independent Statistics & Analysis Oil and gas outlook For National Capital Area Chapter of the U.S.

U.S. Energy Information Administration Independent Statistics & Analysis Natural gas and oil: U.S. outlook and global implications for World.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. For American.

U.S. Energy Information Administration Independent Statistics & Analysis Future Prospects for Oil Production for New America Foundation July.

U.S. Energy Information Administration Independent Statistics & Analysis AEO2012 Early Release Rollout Presentation Paul H. Nitze School of.

The Future Electricity Fuels Mix: Key Drivers

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. for FLAME.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for coal and electricity for National Coal Council November.

U.S. Energy Information Administration Independent Statistics & Analysis Cyclical and Structural Changes in Oil Markets for Columbia University.

U.S. Energy Information Administration Independent Statistics & Analysis Natural Gas Demand: New Domestic Uses and LNG Exports Natural Gas.

U.S. Energy Information Administration Independent Statistics & Analysis Outlook for shale gas and tight oil development in the U.S. For Joint.

U.S. Energy Information Administration Independent Statistics & Analysis Energy Markets for Lycoming College October 22, 2015 | Williamsport,

U.S. Energy Information Administration Independent Statistics & Analysis International Energy Outlook 2016 For Center for Strategic and International.

U.S. Energy Information Administration Independent Statistics & Analysis North American Energy Markets for Energy Mexico 2016 January 26, 2016|

The Outlook for Energy and Natural Gas Markets

Presentation transcript:

U.S. Energy Information Administration Independent Statistics & Analysis Status and outlook for shale gas and tight oil development in the U.S. for CERAWEEK 2013, North American Energy March 06, 2013 | Houston, TX by Adam Sieminski, Administrator

U.S. Shale Gas 2 Adam Sieminski, CERAWEEK, March 06, 2013

An average well in shale gas and other continuous resource plays can also have steep decline curves, which require continued drilling to grow production 3 million cubic feet per year Source: EIA, Annual Energy Outlook Adam Sieminski, CERAWEEK, March 06, 2013

For example: Oil production by monthly vintage of wells in the Williston Basin 4 Source: DrillingInfo history through August 2012, EIA Short-Term Energy Outlook, February 2013 forecast Adam Sieminski, CERAWEEK, March 06, 2013

Domestic production of shale gas has grown dramatically over the past few years 5 shale gas production (dry) billion cubic feet per day Sources: LCI Energy Insight gross withdrawal estimates as of January 2013 and converted to dry production estimates with EIA-calculated average gross-to-dry shrinkage factors by state and/or shale play. Adam Sieminski, CERAWEEK, March 06, 2013

Shale gas leads growth in total gas production through U.S. dry natural gas production trillion cubic feet Source: EIA, Annual Energy Outlook 2013 Early Release Associated with oil Coalbed methane Tight gas Shale gas Alaska Non-associated onshore Non-associated offshore ProjectionsHistory 2011 Adam Sieminski, CERAWEEK, March 06, 2013

7 U.S. dry gas consumption trillion cubic feet Source: EIA, Annual Energy Outlook 2013 Early Release ProjectionsHistory Industrial* Electric power Commercial Residential Transportation ** 33% 14% 6% 32% 12% 33% 19% 3% 31% 13% *Includes combined heat-and-power and lease and plant fuel. **Includes pipeline fuel. Gas to liquids 2% Natural gas consumption is quite dispersed with electric power, industrial, and transportation use driving future demand growth Adam Sieminski, CERAWEEK, March 06, 2013

Growth of natural gas in transportation led by heavy duty trucks (LNG) and gas to liquids (diesel)… marine and rail to come? 8 U.S. natural gas consumption quadrillion Btu Pipeline fuel Light-duty vehicles 2011 HistoryProjections 95% 3% 1% 28% 38% 3% 31% 1% Buses Freight trucks Gas to liquids Note: Gas to liquids includes heat, power, and losses. Source: EIA, Annual Energy Outlook 2013 Early Release Adam Sieminski, CERAWEEK, March 06, 2013

Total natural gas exports nearly quadruple by 2040 in the AEO2013 Reference case 9 U.S. natural gas exports trillion cubic feet Source: EIA, Annual Energy Outlook 2013 Early Release Alaska LNG exports Exports to Mexico Exports to Canada Lower 48 LNG exports Adam Sieminski, CERAWEEK, March 06, 2013

Domestic natural gas production grows faster than consumption and the U.S. becomes a net exporter of natural gas around U.S. dry gas trillion cubic feet Source: EIA, Annual Energy Outlook 2013 Early Release ProjectionsHistory 2011 Consumption Domestic supply Net imports Adam Sieminski, CERAWEEK, March 06, 2013

U.S. Tight Oil 11 Adam Sieminski, CERAWEEK, March 06, 2013

Domestic production of tight oil has grown dramatically over the past few years 12 tight oil production for select plays million barrels per day Source: Drilling Info (formerly HPDI), Texas RRC, North Dakota department of mineral resources, and EIA, through October Adam Sieminski, CERAWEEK, March 06, 2013

U.S. tight oil production leads a growth in domestic production of 2.6 million barrels per day between 2008 and U.S. crude oil production million barrels per day Source: EIA, Annual Energy Outlook 2013 Early Release and Short-Term Energy Outlook, February 2013 ProjectionsHistory 2011 Alaska Tight oil Other lower 48 onshore Lower 48 offshore STEO Feb U.S. crude oil projection Adam Sieminski, CERAWEEK, March 06, 2013

U.S. petroleum product exports exceeded imports in 2011 for first time in over six decades 14 annual U.S. net exports of total petroleum products, 1949 – 2011 million barrels per day Source: EIA, Petroleum Supply Monthly net product exporter Adam Sieminski, CERAWEEK, March 06, 2013

U.S. dependence on imported liquids depends on both supply and demand 15 U.S. liquid fuel supply million barrels per day Source: EIA, Annual Energy Outlook 2013 Early Release Consumption Domestic supply Net imports 45% 37% ProjectionsHistory % 2005 Adam Sieminski, CERAWEEK, March 06, 2013

Light-duty vehicle liquids consumption is lower primarily due to more stringent CAFE standards Adam Sieminski, CERAWEEK, March 06, light-duty vehicle liquids consumption million barrels per day Source: EIA, Annual Energy Outlook 2013 Early Release AEO2012 AEO2013

Global tight oil production comparisons 17 Source: Preliminary International Energy Outlook 2013, BP Energy Outlook 2030 million barrels per day BP Energy Outlook 2030IEO2013 DRAFT Adam Sieminski, CERAWEEK, March 06, 2013

For more information 18 U.S. Energy Information Administration home page | Annual Energy Outlook | Short-Term Energy Outlook | International Energy Outlook | Today In Energy | Monthly Energy Review | Annual Energy Review | Adam Sieminski, CERAWEEK, March 06, 2013