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China Gas Information
The shale oil production continue to promote technological innovation, the main mining area of a drilling rig raised twice daily output in the past two years.
The nikkei Chinese reports pointed out that if the U.S. recovery momentum of shale oil production, the unity of the traditional oil producers agree production pace may be disrupted.
The U.S. energy information administration shale mine production efficiency, according to a survey released recently from crude oil futures prices started falling between September 2014 and September 2014, is located in North Dakota and Montana's Bakken oil fields (Bakken), Texas (Eagle Ford) and the Eagle beach oilfield Permian oil field (a product), each new enable drilling oil production increased an average of about two times. The output of the three major mining area accounted for nearly eighty percent of the U.S. shale oil production.
Among them, the eagle beach oilfield in September 2014, each drilling produced 636 m b/d, has 1.8 times increase, up to 1170 barrels. In Texas and new Mexico Permian oil field production increased by 2.8 times, up to 575 barrels.
Oil companies use large analysis of geological data, information technology and other technology, combined with shale oil mining technology innovation, make mining companies can in the case of cost control to increase production.
Reported that in the past, the us shale oil production of profit and loss balance $40 a barrel to $70 (s $56 to s $97), is now a $30 to $40 a barrel can stable profits.
Company under ogrin resources (EOG) President Thomas said, "because of the increase in production efficiency thus appeared even on the premise of $30 to $40 a barrel and lucrative oil well".
Industry: price of $60
300000 barrels of oil production will increase
Shale oil giant American HESS Corporation (HESS Corporation), President of HESS said: "the shale oil production depends on the price. Now the price of $50 is able to maintain production, but the price was $60, will be increased by 300000 barrels a day."
Currently, the west Texas intermediate crude oil futures prices to about $50 a barrel.
Russia, venezuela and Saudi Arabia and other major oil producers mid-october to support production to boost oil prices.
However, if the shale oil production, the problem of excess supply of crude oil would be difficult to resolve, prices could turn a softer. About organization of the petroleum exporting countries and other major oil-producing countries to ensure that the market share, without the possibility of the implementation of production will appear.
Japan's oil and natural gas and metal mineral resources, the chief economist of the wild god long pointed out that, "out of concern for deterioration of supply and demand, the price of crude oil at $55 a barrel level after it is easy to reverse".