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tight oil

Shale Gas and Tight Oil are Commercially Produced in Just Four Countries

February 22, 2015 by U.S. EIA: Today in Energy

Shale Gas and Tight Oil Origins

The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The U.S. is by far the dominant producer of both shale gas and tight oil.[read more]

Tight Oil-Driven Production Growth Reduces Need for US Oil Imports

April 12, 2014 by U.S. EIA: Today in Energy

Oil Production and Import Changes

In the Annual Energy Outlook 2014 (AEO2014) Reference case, crude oil production rises from 6.5 million barrels per day (MMbbl/d) in 2012 to 9.6 MMbbl/d before 2020, a production level not seen since 1970. Tight oil production growth accounts for 81% of this increase.[read more]