March 2017, Vol. 244, No. 3

In The News

In the News

U.S. Shale Production Likely to Peak over Next Decade, EIA Says U.S. shale and tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total U.S. oil production, according to a recent report by a federal Energy Information Administration. U.S. shale oil production has risen significantly since 2010, driven by technological improvements that have reduced drilling costs and improved drilling efficiency. In 2015, oil companies pumped 4.9 million bpd out of shale and tight oil fields and, for the first time, made up more than half of total U.S. oil production. But a report by the EIA indicates tight oil production will flat line after 2026 as drill

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