US tight-oil output 'to double' in 20 years

Double: EIA expects US tight-oil output to double by 2035

BRIGHAM EXPLORATION

By Staff & news wires

 25 June 2012 22:04 GMT

US shale plays such as the Bakken in North Dakota will more than double output in the next two decades, according to the first official forecast for booming tight-oil production, published by the US government on Monday.

The projections, one small part of the Energy Information Administration's updated long-term forecasts, shed light on the agency's take on the role of the oil found in low-permeability reservoirs such as shale and chalk formations, the largest new source of US supply since offshore Gulf of Mexico.

US output from eight tight-oil prospects covered by the report will more than double to 1.23 million barrels per day by 2035 from 2011 levels, the EIA said, breaking out specific data on tight oil production for the first time in its 2012…

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