31.12.2013 Views

Key drivers for EIA's short‐term US crude oil production outlook

Key drivers for EIA's short‐term US crude oil production outlook

Key drivers for EIA's short‐term US crude oil production outlook

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Overview of the <strong>crude</strong> <strong>oil</strong> <strong>production</strong> <strong>for</strong>ecast<br />

The growth in U.S. <strong>crude</strong> <strong>oil</strong> <strong>production</strong> over the past several years has come largely from onshore<br />

basins in which exploration and <strong>production</strong> (E&P) companies are most active (Figure 1). Currently, the<br />

most important basins <strong>for</strong> <strong>production</strong> growth are:<br />

<br />

<br />

<br />

The Williston Basin in North Dakota and Montana, which includes the Bakken Formation<br />

The Western Gulf Basin in south Texas, which includes the Eagle Ford Formation<br />

The Permian Basin in West Texas and southeast New Mexico, which includes the Spraberry and<br />

Wolfcamp <strong>for</strong>mations 1<br />

Figure 1. <strong>Key</strong> onshore <strong>crude</strong> <strong>oil</strong> <strong>production</strong> basins<br />

Note: Counties with at least one producing well from 2008 to present are shaded. Basins are represented with dashed outlines.<br />

The seven model regions are indentified with leading numbers in legend.<br />

Source: U.S. Energy In<strong>for</strong>mation Administration analysis of data from DrillingInfo.<br />

1 The Denver Basin in Colorado and Wyoming and the Anadarko and Arkoma basins in north Texas, Oklahoma, and<br />

Arkansas, while currently producing much less than the other three <strong>oil</strong> basins, are prospects <strong>for</strong> significant<br />

<strong>production</strong> growth.<br />

U.S. Energy In<strong>for</strong>mation Administration | STEO Supplement: U.S. Crude Oil Production Outlook 2

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!