August 2012

Trends and Resources

HP Brief: Brief

Production of oil, other liquids, to increase in USThe US Energy Information Administration (EIA) recently released its 2012 annual energy outlook. The EIA projects US domestic production of petroleum..

Thinnes, Billy, Hydrocarbon Processing Staff

Production of oil, other liquids, to increase in US The US Energy Information Administration (EIA) recently released its 2012 annual energy outlook. The EIA projects US domestic production of petroleum and other liquids to grow by 3.1 million bpd from 2010 to 2035. Total production should grow rapidly until 2020, as production of crude oil and natural gas liquid (NGL) from tight oil formations (including shale plays) increases sharply. After 2020, total US production will grow more slowly, to 12.7 million bpd in 2035, as tight oil production levels off even with continued increases in crude oil prices. As production of other liquid fuels increases, the crude oil share of total domestic pe

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