Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Shale oil means U.S. oil imports decline, analysis shows
by Daniel J. Graeber
Houston (UPI) Aug 21, 2014


disclaimer: image is for illustration purposes only

Oil production from shale basins in North Dakota and Texas are the primary reason for a decline in U.S. oil imports, data published Thursday show.

Bentek Energy, the analytical division of Platts, said July oil production from the Bakken area in North Dakota and the Eagle Ford shale play in Texas increased 3.4 percent year-on-year, or more than 86,000 barrels per day.

"Oil production gains from the Bakken and Eagle Ford shale formations are a major reason why U.S. imports of crude oil have dropped to levels not seen since the mid-1990s," Benteck Director of Energy Analysis Jack Weixel said in a statement Thursday.

The Energy Information Administration, the statistical arm of the Energy Department, said in its monthly short-term market report total U.S. crude oil production reached 8.5 million barrels per day in July, the highest monthly level since April 1987.

The rise in domestic oil production in turn means lower imports of foreign crude oil. EIA said imports nearly halved from 2005 to average 33 percent of the market share in 2013.

Texas and North Dakota are the No. 1 and No. 2 oil producers in the nation, respectively. Combined, they produced 120 million barrels of oil in April, the last full month for which data are available from EIA.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Shale oil 'dividend' could pay for smaller carbon footprint
West Lafayette IN (SPX) Aug 21, 2014
Unanticipated economic benefits from the shale oil and gas boom could help offset the costs of substantially reducing the U.S.'s carbon footprint, Purdue agricultural economists say. Wally Tyner and Farzad Taheripour estimate that shale technologies annually provide an extra $302 billion to the U.S. economy relative to 2007, a yearly "dividend" that could continue for at least the next two ... read more


OIL AND GAS
Exporting US coal to Asia could drop emissions 21 percent

Earth's resource budget for 2014 already spent: NGO

Sen. Hoeven hails 250-mile transmission line as benchmark

Michigan speedway makes low-carbon commitments

OIL AND GAS
Curiosity rover slowed by 'Hidden Valley' sand trap on Mars

Copper foam turns CO2 into useful chemicals

Stinky gases emanating from landfills could transform into clean energy

Temporary battery tattoo turns human sweat into electricity

OIL AND GAS
Bionic Liquids from Lignin

Regulations needed to identify potentially invasive biofuel crops

Spinach could lead to alternative energy more powerful than Popeye

Biofuels benefit energy security, Secretary Moniz says

OIL AND GAS
Iran opens nuclear fuel plant

Westinghouse to Provide Finland's TVO with Advanced Reactor Internal Pumps

Canada, Kazakhstan start nuclear cooperation

EDF Energy says shuts down nuclear reactors in Britain

OIL AND GAS
Urgent action needed to tackle Sahel's lack of rainfall: UN

Climate change, predators, and the trickle down effects on ecosystems

Climate relicts may help researchers understand climate change

History of fire and drought shapes the ecology of California

OIL AND GAS
How fast you drive might reveal where you are going

EV consumers better off with a range under 100 miles

Mercedes-Benz accused of 'price-fixing': China media

Japan's NSK says hit with $28.5mn fine by China regulators

OIL AND GAS
Iraq forces hit militants as UN readies major aid effort

World must act to halt Iraq 'genocide': Yazidi leader's son

Iraq Kurds press anti-jihadist drive as US, UK turn up heat

Jihadists kill dozens in north Iraq 'massacre': officials

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.