Environmental Protection Agency Releases EIA Releases Recoverable Shale Oil and Shale Gas Resources

EIA Releases Report on Technically Recoverable Shale Oil and Shale Gas Resources — The U.S. Energy Information Administration (EIA) released a report titled World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the United States which provides an initial assessment of shale oil and updates a prior assessment in 2011 of shale gas resources.  This new assessment expanded the shale formations examined from 69 in 2011, to 137 in 41 countries outside the United States. Additional geologic research and well drilling results not previously available allowed for a more informed evaluation of the shale formations.  This new report also highlights the role of shale formations and other tight plays as sources of crude oil, lease condensates, and a variety of liquids processed from wet natural gas.  Of the shale plays reviewed, the United States is listed second in shale oil resources and fourth in shale gas resources.  To learn more, please see the following link:

http://www.eia.gov/analysis/studies/worldshalegas/

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