Us Oil Production

Download or read book The Eagle Ford Shale written by John Albert Breyer and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Known as a world-class source rock for years, the Eagle Ford Shale became a world-class oil reservoir early in the second decade of the 21st century. Oil production from the Eagle Ford grew from 352 barrels of oil per day (BOPD) in 2008 to over 1.7 million BOPD in March 2015. Since then, the play has been a victim of its own success. Production from shale oil in the United States has helped contribute to a glut in world oil supply that led to a precipitous drop in oil prices beginning in the summer of 2014. As prices fell from over $100 per barrel in July 2014, to less than $30 per barrel in January 2016, production from the Eagle Ford declined over 500,000 BOPD. Anyone interested in the geology behind this remarkable play and the new ideas that reshaped the global energy supply should read this book. The hardcover book contains extended abstracts of the articles. Full articles are on the included DVD"--Publisher's website.