Geological survey usgs, and the potential gas committeethree organizations that estimate the size of these resourceshave increased over the last 5 years, which could mean an increase in the nations energy portfolio. David hughes, the report is based on an analysis of well production data for all major shale gas and. Empirical studies of barnett, fayetteville, haynesville, and marcellus shale plays. The energy information administration eia recently released a new report on drilling productivity that provides estimated changes in oil and gas production for six key oil and natural gas fields depicted below. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of us natural gas. Energy information administration eia, the statistical and analytical agency within the u. Natural gas resources and consumption source tcf u.
Does energy information administration eia, evaluates the shale gas and shale oil resource in 26 regions, containing 41 individual countries, figure 1. India is one of the countries covered in this study along with china, canada, mexico. An outlook of china shale and tight gas ihs markit. The rise of shale gas and oil has been one of the major developments in the world of energy, which will. If and when natural gas prices will rise in north america is the big unknown currently supply outstrips demand. North americas vast shalegas resources estimated by the eia to be 1,931 trillion cubic feet cf, support increased natural gas production with moderate prices, the agency said. Jan 08, 2019 increased us gas production led to a decrease in gas prices, and this combined with reduced costs for renewable energy has led to a shift in the power sector, a trend the us eia projects will continue as coals share of total power generation declines and the share of natural gas increases. Natural gas demand destruction on full display in eias. An assessment of 7 shale formations in 41 countries. In 2000, shale gas provided only 1% of us natural gas production. The dpr is a forecast of oil and gas production in the countrys seven major shale plays for the coming month, made by the expert number crunchers at eia. The british geological survey estimates that there is between 0 trillion cubic feet of shale gas.
Liquefied natural gas american petroleum institute. It is uncertain how much gas might be recovered from shale in the uk. Technically recoverable shale oil and shale gas resources eia. Selected geologic characteristics pertinent to occurrence of producible oil and gas resources are also shown when available. At the same time, many of the regions oil and gas reserves are located in ecologically sensitive areas, raising concerns about the environmental impacts of production. China leads the world in shale gas reserves, with more than 1,115 tcf. Shale gas shale oil gboe gboe poland 25 3,3 france 23 4,7 romania 9 0,3 denmark 5 0 uk 4 0,7 netherlands 4 2,9 others 9 1 total 80 12,9 country. Energy information administration eia posited that germany holds technically recoverable shale gas reserves of 481 billion cubic meters 17 trillion cubic feet tcf. A recent report from us energy information administration says that shale. A gamechanger for american manufacturing a report by the university of michigan the u.
Shale gas refers to natural gas that is trapped within shale formations. Within 90 days of its first meeting, the subcommittee will report to seab on the. With this expected growth, all stages of the natural gas supply chain will need modification, either by adding new capacities or expanding existing capabilities. The uks shale gas resource, as a homegrown supply, could add to the diversity of our gas supplies and help to support our energy security. The us energy information administration eia has increased its estimates for global shale gas resources by 10% to almost 7,300 trillion cubic feet cf.
Estimates of the size of shale oil and gas resources in the united states by the energy information administration eia, u. Shale gas and shale oil plays the 750 trillion cubic feet of shale gas resources in the intek shale report is a subset of the aeo2011 onshore lower 48 states. Working gas in storage was 2,200 bcf as of friday, february 21, 2020, according to eia estimates. How shale gas development will impact investment in renewable energy sources and how much environmental. Us shalegas production has soared over the past decade, rising from just 390bn cf in 2000, to 4. Secretary of energy advisory board seab to make recommendations to address the safety and environmental performance of shale gas production.
But how sustainable is shale production in the long term given optimistic forecasts of robust production through 2050 and beyond. Current knowledge and potential environmental impacts page 3 of 26 preface the extraction of shale gas on a commercial scale is an activity that is licensable by the environmental protection agency epa of ireland. The oil drum tech talk the new eia shale gas report. This environmental risk assessment era helps us understand the important environmental risks and supports aspects of our technical guidance for onshore oil and gas operators. The 750 trillion cubic feet of shale gas resources in the intek shale report is a. Stocks were 637 bcf higher than last year at this time and 179 bcf above the fiveyear average of 2,021 bcf. The marcellus formation has become the largest shale gas. The twentysix chapters of the report discuss our current understanding of the. Mares administration eia and prepared by advanced resources international ari. An environmental risk assessment for shale gas exploratory. An assessment of the environmental implications of oil and gas production. For the united states, eia estimated 20 a total wet natural gas resource of 2,431 tcf, including both shale and conventional gas. Energy information administration permian basin, part 1 4.
Energy information administration eia, the statistical and. Energy information administration technically recoverable shale oil and shale gas resources i. With the advance of extraction technology, shale gas production has led to a new abundance of natural gas supply in the united states over the past decade, and is expected to continue to do so for the foreseeable future. We think these are the three best charts they issue each month. Several other countries are actively exploring the shale oil and shale gas resources available within their borders. Energy information administration eia and other sources. This paper responds to these needs by describing the importance of shale gas in meeting the future energy needs of the united states u.
Shale gas is the form of natural gas derived from underground shale deposits through hydraulic fracturing and horizontal drilling. Shale gas has been found in many areas with water scarcity and. Shales are finegrained sedimentary rocks that can be rich sources of petroleum and natural gas. Recent experience with shale gas and tight oil in the united states. I had intended to start my countrybycountry detailed analysis this week, but with the publishing of the eia compendium on world gas shale deposits, and a little controversy i got into in comments elsewhere, i thought it worthwhile spending a post looking at the global prospects for gas shale. Ahead of the eia report, analysts had been predicting an injection between 9 bcf and 35 bcf. In june, natural gas production dropped from lower associated gas production from the oil plays in the eagle ford, bakken and niobrara.
The world shale gas and shale oil resource assessment, conducted by advanced resources international, inc. Energ nforma on administration based on data from various published studies. Recovering 400 tcf of natural gas from a shale resource requires tremendous amounts of water that is used primarily for hydraulic fracturing. Energy information administration, issued our favorite monthly report, the drilling productivity report. Totals may not equal sum of components because of independent rounding. A study on refining shale oil and gas refining chemical. Department of energy received a report by the secretary of energy advisory board seab for shale gas providing recommendations on how to reduce the environmental impact and improve the safety of shale gas production. Shale final report great lakes and ohio river division. Dec 09, 20 the energy information administration eia recently released a new report on drilling productivity that provides estimated changes in oil and gas production for six key oil and natural gas fields depicted below. Cbm, tight gas sands, and shale gas production areas will remain vital to u. The increasing need for energy and diminishing conventional gas reserves, the demand for unconventional sources such as cbm, shale gas, gas hydrates and tight gas has experienced a significant leap in the past decade.
Energy information administration eia estimated norways technically recoverable shale gas reserves to be approximately 83 trillion cubic feet tcf. Eiaari world shale gas and shale oil resource assessment. Geological survey usgs, and the potential gas committeethree organizations that estimate the size of these resourceshave increased over the last 5 years, which could mean an increase. This increase in production makes shale gas a major player in the natural gas field, with shale gas production fulfilling 69 % of the expected total dry gas natural demand eia, 2016. This report aims to compile the available informa tion on shale gas and fracking, especially in the light of growing concerns about the consumption of water as well as the serious pollution risks. Hydraulic fracturing and shale gas production alternative fuels. Natural gas markets and global gas resources organization for economic cooperation and development oecd richard newell, administrator june 21, 2011 paris, france. Increased us gas production led to a decrease in gas prices, and this combined with reduced costs for renewable energy has led to a shift in the power sector, a trend the us eia projects will continue as coals share of total power generation declines and the share of natural gas increases. Shale gas is the term often used to describe both tight gas and shale gas resources. Natural gas resources and consumption 2,277 4,234 111 790 shale conventional and other resource lng exports and consumption eia aeo 2015 total gas resource icf 2015 total gas resource total cumulative u. We would like to show you a description here but the site wont allow us. The charts below outlines the top ten countries with the largest resources of shale oil. Information on shale resources, development, and environmental and public health risks.
Natural gas futures steady after eia reports 100 bcfplus. Shale gas was estimated to be 27% of the total resource. Governments optimistic forecasts for shale gas and tight oil production through 2050 provides a realistic assessment of future production in the the top tight oil and shale gas plays in the united states prepared by earth scientist j. This represents a net decrease of 143 bcf from the previous week. The shale gas resources assessed in this report, combined with eias. The main difference between tight gas and shale gas, however, is that tight gas can be found in low permeability sedimentary rocks, such as sandstones, while shale gas rocks are usually impermeable 2 royal dutch shell plc. Technically recoverable shale oil and shale gas resources. Prior to april 10, 2020 this included other oxygenates e. According to the eias new report, which studied 7 shale formations in 95 basins worldwide, there is 7,299 trillion cf of technically recoverable shale gas globally across 42 countries. According to the energy information administration eia, the unproved technically. In its 2011 annual energy outlook report, the eia reported technically recoverable reserves of approximately 400 tcf of natural gas in the marcellus shale.
Since shale gas has been a key player in domestic natural gas production for only a few years, and because it has been tracked over a relatively short period since 2007 by the energy information administration eia, analysts find that it is difficult to quantify precisely the effects that shale gas has had on natural gas prices. Factors influencing shale gas production forecasting. Energy information administration eia have published data on unconventional gas reserves. Pdf factors influencing shale gas production forecasting. The effects of shale gas production on natural gas prices. This report describes what is known about 1 the size of shale oil and. The energy information administration eia projects that natural gas from shale. Theres little practical experience of shale gas exploration in the uk and as yet nodefinition of best available techniques bat. An assessment of the environmental implications of oil and. Dry shale gas production data are based on lci energy insight gross withdrawal estimates as of june 20, converted to dry production estimates with eia calculated average gross todry shrinkage factors by state andor. For shale gas wells, this includes hydraulic fracturing. Estimates of technically recoverable shale gas from eia, usgs, and the potential gas committee 2006 through 2012 22.
Shale gas production passes 80 bcfd and the latest news and updates in the oil and gas industry from shale directories. It has taken on new prominence as it has been applied to tight oil and shale gas formation as an essential method for producing resources from those types of formations. Shale gas in the united states is an available source of natural gas. Recoverable shale gas in canada, which was estimated to be 388 tcf in 2011, was revised upward to 573 tcf in 20. Nov 12, 2019 shale gas and tight oil have provided a new lease on life for u. Our expectations are that both sinopec and cnpc who have drilled hundreds of shale gas wells. Evolution of historical shale gas production costs in north. The eia recently released a report on the technically recoverable shale oil and shale gas resources in 41 countries outside of the us. According to the us energy information administration eia, report, june 20, the estimated world shale gas resources is 7576 trillion cubic feet tcf comprising of 48 countries across the world as per updates in september, 2015 by eia. Below are the three charts the eia doesnt include in the official pdf of the report for whatever reason.
A recent study by eia energy information administration assessed 95 shale gas basins in 41 countries. Ahead of the eia report, a bloomberg survey produced a median 108 bcf estimate for. These six regions accounted for almost 90 percent of domestic oil production growth and almost all domestic natural gas production growth between 2011 and 2012. As of 2017, eia estimates remaining proven reserves in the permian basin exceed 8.