Posted July 17, 2014
Charts and Maps of America’s Amazing Shale Oil Revolution
AEI Carpe Diem Blog: Below are four charts and two maps that help tell the story of America’s Amazing Shale Oil Revolution:
1. The Big Three. Yesterday, the Department of Energy’s Energy Information Administration (EIA) updated its monthly “Drilling Productivity Report” with new estimates of oil production through August in America’s three, super-giant oil fields, the “Big Three”: the Bakken in North Dakota and Eagle Ford Shale and Permian Basin in Texas. As the chart above shows, each of those three elite oil fields has been producing more than one million barrels of oil per day – Permian Basin since the summer of 2011, the Eagle Ford Shale since the summer of 2013, and the Bakken since the spring of this year. In all of human history, there have only been ten oil fields in the world that have ever reached the one million barrel per day milestone, and three of those ten are now active in the US – thanks to the advanced drilling techniques (fracking and horizontal drilling) that started accessing oceans of shale oil in Texas and North Dakota about five years ago.
Read more: http://bit.ly/1neAvJ8
More industry news:
U.S. Manufacturing Making a Comeback: http://bit.ly/1zMz20I
Refiners in U.S. Run Record Crude as Plants Cash in on Cheap Oil: http://bloom.bg/1qKCdQt
U.S. Should Decide on Ending Crude Exports Ban to Sustain Oil Boom, IEA Chief Says: http://reut.rs/1neOzSR
Analysis: Shale-Rich America is ‘Indispensable’ http://bit.ly/1oMWiCY
Bradley: Fracking Provides Opportunities in Virginia: http://bit.ly/1jTRnEp
Consultant: Texas Shale Boom Could Be Nation’s Biggest Ever: http://on.wsj.com/1neDQHZ
New York Senate Rejects Fracking Ban: http://bit.ly/UdKHVu
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.