"The Shale Oil Boom" paper by Leonardo Maugeri
Posted: Fri 26 Jul 2013, 21:48:05
http://belfercenter.ksg.harvard.edu/publication/23191/shale_oil_boom.html
At the Link above is a paper by Leonardo Maugeri called The Shale Oil Boom, he predicts that by Dec 2017 US Crude output will be 10.9 MMb/d with 5 MMb/d from tight oil, primarily the Bakken/Three Forks, Eagle Ford, and Permian Basin, and about 0.4 MMb/d from other US Shale plays. He expects US total liquids to be 15.9 MMb/d at year end 2017 and oil prices will fall to 65 dollars per barrel and remain there long term, see table 5 on page 20 of the paper which can be downloaded at the link at the top.
Other interesting predictions are a fall in well completion costs in the Bakken by 8 % per year. So well completion costs (drilling and fracking) would fall from $9 million to $4.6 million in 8 years. Does that seem realistic to anyone in the industry?
DC
At the Link above is a paper by Leonardo Maugeri called The Shale Oil Boom, he predicts that by Dec 2017 US Crude output will be 10.9 MMb/d with 5 MMb/d from tight oil, primarily the Bakken/Three Forks, Eagle Ford, and Permian Basin, and about 0.4 MMb/d from other US Shale plays. He expects US total liquids to be 15.9 MMb/d at year end 2017 and oil prices will fall to 65 dollars per barrel and remain there long term, see table 5 on page 20 of the paper which can be downloaded at the link at the top.
Other interesting predictions are a fall in well completion costs in the Bakken by 8 % per year. So well completion costs (drilling and fracking) would fall from $9 million to $4.6 million in 8 years. Does that seem realistic to anyone in the industry?
DC