OEF Rapid Review Articles
U.S. crude oil production from the Lower 48 states from new wells (drilled since the start of 2014) made up 48% of total U.S. crude oil production in 2015, up from 22% in 2007. Production from new wells has grown as advances in horizontal drilling and completion techniques led to growth in oil production from low-permeability tight reservoirs. In 2015, production from tight formations – which include, but are not limited to, shale plays – accounted for more than 4 million barrels per day, or 50% of total U.S. oil production.
LINK TO THE SOURCE ARTICLE:
Wells Drilled Since Start of 2014 Provided Nearly Half of Lower 48 Oil Production in 2015
LINK TO THE SOURCE ARTICLE:
Wells Drilled Since Start of 2014 Provided Nearly Half of Lower 48 Oil Production in 2015