Oil shale production pdf

Unlocking americas natural gas, july 19, 2010, page 4. There is potential for shale oil production to spread globally over the next couple of decades. A study on the eu oil shale industry viewed in the light of the estonian experience a report by easac to the committee on industry, research and energy of the european. Oil shale, shale oil, shale gas and nonconventional. Generic environmental impacts of oil shale production. Oil shale processing an overview sciencedirect topics. The combination of hydraulic fracturing and horizontal drilling enabled production from previously inaccessible shale deposits, resulting in a surge of both oil and natural gas production in the united states. Pdf generic environmental impacts of oil shale production. A study on the eu oil shale industry viewed in the light of. Energy information administration eia estimates that in 2019, about 2. Deposits of oil shale occur around the world, including major deposits in the united states. The rapid development and deployment of well pad facilities, accelerated. Shale oil boom, the oil export ban, and the economy. Pdf on jul 1, 2014, pawan r ingole and others published oil shale.

The cost of conventional oil varies so much that saudi. Drilling and completion technologies used to produce unconventional resources are also being applied to increase oil production from some conventional oil reservoirs where recovery has been low. These processes convert the organic matter within the rock into synthetic oil and gas. We argue this trend is not yet over and the next stages of shale innovation. Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution. Theory, technologies, and challenges provides users with information on how shale oil and gas exploration has revolutionized todays energy industry. Energy information administration eia estimates that in 2018, about 6. Often referred to as the shale boom, the large increase in oil production brought about by the application of horizontal drilling and hydraulic fracturing has changed the nations energy landscape and the dynamics of global oil markets. Production processes for the thermal treatment of oil shale deposits to produce shale oil fall into two categories as oil sand production processes. May8040 40 80 120 may 2,770 mmcfd production from new wells legacy production change net. The oil market in the age of shale oil european central bank. Oil shale can also be used for production of different chemical products, construction materials, and pharmaceutical products, e.

The industry has never operated at a profitable level, and the sheer size of the. Historically, oil shale has proven to be technically. Contributions of coal and oil shale electricity production systems to climate. These processes convert the organic matter within the rock kerogen into synthetic oil and gas. The production of shale oil lowered the current crude oil prices proved that this type of viable energy has high potential to spread globally over the next couple of decade. Oct 23, 2019 the latest report bakken shale in the us, 2019 oil and gas shale market analysis and outlook to 2023, states that in 2018, the major counties for crude oil and natural gas production in bakken. The structure of technological revolutions conclusion endnotes contents 1 3 6 6 8. The economic and budgetary effects of producing oil and. Energy information administration drilling productivity report 0 1,000 2,000 3,000 4,000 5,000 6,000 anadarko appalachia bakken eagle ford haynesville niobrara permian june2019 june2020 oil production thousand barrelsday 0 6,000 12,000 18,000 24,000 30,000 36,000 anadarko appalachia bakken eagle ford haynesville niobrara permian june. Decline curve analysis of shale oil production diva portal. Conventional oil production has peaked and is now on a terminal, longrun global decline. Estimates by the us energy information administration eia suggest that shale oil production in the us. Production of a barrel of shale oil can generate up to 1. Because shale oil exists as solid sedimentary rocks, its extraction is more complex than.

In 2015, the united states produced some 37 billion cubic feet per day of. Definition sedimentary rock with a high organic content organic matter is known as kerogen kerogen. Oil shale resources for oil production article pdf available in oil shale 241. The history of the us shale boom is a story of innovation unleashed. Shale drilling site in pennsylvania photo helge hansen statoil. May8040 40 80 120 may 2,770 mmcfd production from new wells legacy production change net change jun 2,744 mmcfd indicated change. Tight oil is oil embedded in lowpermeable shale, sandstone, and carbonate rock formations. Major basins with potential for tight oil development are illustrated above. Bakken shale in the us, 2019 oil and gas shale market.

Shale oil is a substitute for conventional crude oil. Shale oil production has been accelerating in us, growing from 111,000 barrels per day in 2004 to 553,000 barrels per day in 2011 equivalent to a growth rate of around 26% per year. Case study of shale oil production abstract shale oil or retort oil is rapidly emerging as a significant unconventional fuel in usa and successfully found a place in the world energy mix. Unconventional oil and gas production opportunities and challenges of oil shale development. Put simply, increased shale oil production could lead to oil prices that are significantly lower than projected in current forecasts. The shale oil production can be turned on when demand is high and turned off when demand is low easily and more cost effective than the current conventional oilfield matt egan, 2015. We have then assessed how oil price changes of this magnitude could impact the wider economy up to 2035 at both global and national levels using a macroeconomic model. As a result, us oil imports are forecast this year to fall to their lowest levels for over 25 years. Mittal, director natural resources and environment. However, use of oil shale for production of these products is still very rare and in experimental stages only. The resulting oil can be used immediately as a fuel or upgraded to meet refinery feedstock specifications by adding hydrogen and removing impurities such as sulfur and nitrogen. Shale oil processing is defined as an industrial process to which raw shale oil is subjected to extract oil from itbasically a process to produce unconventional oil 1. Introduction shale oil light tight oil is rapidly emerging as a significant, and relatively low cost, unconventional energy resource.

The economic and budgetary effects of producing oil and natural gas from shale summary recent advances in combining two drilling techniques, hydraulic fracturing and horizo ntal drilling, have allowed access to large deposits of shale resourcesthat is, crude oil and natural gas trapped in shale and certain other. This report aims to examine production patterns of shale oil wells by applying decline. Values and location of these new fossil reserves in different countries and their production by comparison with conventional resources are presented. In order for oil shale production to be profitable, the industry must overcome technical, environmental, regulatory, and economic obstacles. Shale oil is trapped within strata of thin laminates of rock and does not migrate thru many contaminants like sulfur or mercury,so the end product, once freed, is on par or better then sweet crude. Changing the carbon footprints of unconventional oils. Us shale oil production has expanded greatly since 2011, and now rivals that of. Tight gas differs from shale gas in that it is trapped in sandstone or limestone, rather than shale formations. Bakken region may 2020 drilling productivity report. Oil shale deposits exist in 37 countries globally, but the largest and highest quality oil shale deposits are in sparsely populated areas of colorado, utah and wyoming figure 1.

However, contrary to conventional wisdom, which many embraced during backtoback oil crises in the 1970s, oil is not running out. Methods which should reduce environmental footprint. Oil shale oil shale is a negrained sedimentary rock containing a solid material kerogen that converts to liquid oil when heated. The case of eagle ford linnea lund production of oil and gas from shale is often described as a revolution to energy production in north america. The current world oil production and consumption rates are almost equal. Aug 15, 2016 this statistic shows the production of shale gas worldwide by selected country in 2015, with projected figures for 2040. One important conclusion is that the price competitiveness of electricity produced from shale oil, and also by direct combustion of oil shale, is very sensitive to the price attributed to co 2 emissions. The resulting oil can be used immediately as a fuel or upgraded to meet refinery feedstock specifications by adding. It is, instead, changing formgeographically, geologically, chemically, and economically. Jan 23, 2008 understanding shale oil and the controversial practice of frackington 720p duration. After 2017, however, continued improvements in mining productivity are expected to help production of shale oil regain its early2015 peak by 2020 despite much lower prices than those in the 202014 period. A study on the eu oil shale industry viewed in the light. Easytoread understand overview of the chemistry, engineering, and technology of shale oil. American petroleum institute, freeing up energy hydraulic fracturing.