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Petroleum Devolopments
Volume 41 Issue 12
22
US tight oil production
In October 2015, US tight oil production decreased by 81 thousand b/d
or 1.5% comparing with the previous month level to reach 5.161 million
b/d, representing an increase of 88 thousand b/d from their last year level.
The US oil rig count decreased by 44 rig comparing with the previous
month level to reach 520 rig, a level that is 788 rig lower than last year, as
shown in
table (3)
and
figure (7)
:
Source: EIA, Drilling Productivity Report for key tight oil and shale gas regions, October 2015.
* focusing on the seven most prolific areas, which are located in the Lower 48 states. These seven
regions accounted for 95% of domestic oil production growth during 2011-13 (Bakken, Eagle Ford
،
Haynesville
،
Marcellus
،
Niobrara
،
Permian
،
Utica)
Figure - 6
World Supply and Demand
(Million b/d)
Table 3
US* tight oil production
(Million b/d)
Change from
October
2014
October
2014
Change from
September
2015
September
2015
October
2015
0.088
5.073
-
0.081
5.242
5.161
tight oil production
-
788
1308
-
44
564
520
Oil rig count (rig)