Gas from shale drilling to face strong headwinds next decade

Oil rigs in Permian produce associated gas

The US Energy Information Administration said in October that US crude oil production had climbed to 11.3 million barrels a day. That also means production of associated gas from shale wells is increasing as well. That would put the United States on a par with Russia, which surpassed Saudi Arabia to become the world’s largest producer of crude oil last year. With news like this, it’s fairly easy for shale oil producers to get caught up in day-to-day challenges associated with production and its challenges, like moving crude, associated gas, and natural gas liquids to market.

Developers often don’t focus on large-scale changes that have drastically affected the oil industry. However, historically certain events have radically changed the oil industry. I believe that a growing “green wave” may change global power and transportation and adversely affect shale oil’s future in the next 10–15 years. With breakthroughs in technology, changes may come even sooner.

Read article at Russo, T. (2019, February). Gas from shale drilling to face strong headwinds next decade. Natural Gas & Electricity 35/.7. 

There are 6 Comments

The United States needs more Oil resources from Saudia Arabia and Iran, Its the fact and even their government pretend that we don't need aid from Iran or Saudia Arabia. Everybody knows the fact that SA is on the geographical location where Crude Oil is in vast volume. Oil exploration from France, Portugal, and Qatar are the other resources and usually have an extra cost. However, the Oil Exports from Arab are the least expensive and transport in the huge containers. You will find more on inexpensive essay help publishers in the United States, there is a whole report on this matter.

Your writing very well and provide a lot of useful information. But if you tap water more than Velvet Buzzsaw Jacket half as compared to another article, I would definitely be great

This is pretty amazing information about online games and leagues where young people are winning too much money. I am impressed by your articles these days through banyeresdelpenedes these days, we would love to share information with you guys, are you willing to tell us how can we make such informative blogs online, keep sharing nice articles online.

Hedge funds and other money managers pay for research paper have staked out the most bullish position on oil futures in more than two years. That has thrived in running up prices this month, but it also sets up the market for hitch risk.