Continued Growth For North American Unconventionals Mike Warren

摘要

North American production of oil and gas from shale and light tight oil formations continues unabated. Production has increased year over year with only two dry gas plays experiencing a decline. Many states have registered all-time highs in oil/condensate production as a byproduct of the high oil price environment. Continued production of NGL has helped the US double and triple butane and propane exports, respectively, during the past three years. Consequently, the North American Shale Quarterly (NASQ) forecasts continued growth in petroleum supply into the next decade for existing shale and light tight oil formations. Moreover, several plays currently not covered by the NASQ-among them Huron, Heath, New Albany, and Antrim-are waiting for a pickup in natural gas demand to be delineated.