What’s In Store For U.S. Shale Oil?

By Ron Patterson (Click to enlarge)The future output from the light tight oil (LTO) sector of the U.S. oil industry is the subject of much speculation. Above I present some possible future output scenarios based on a simple model of U.S. LTO, the scenarios are compared with the EIA’s 2017 Annual Energy Outlook (AEO) reference scenario with cumulative output of 82 Gb from 2001 to 2050. The cumulative output of the model scenarios is for the same period (2001-2050). The models all use the same well profiles from 2006 to 2016 and are based on data gathered from…

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