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US tight crude oil output to touch 2.8 mb/d by 2015, 3.1 mb/d 2020: Barclays

Posted on 13 May 2013

A surge in US tight crude oil production has reached 2 mb/d; and it is expected to reach 2.8 mb/d by 2015 and 3.1 mb/d 2020, London based Barclays noted in a report.
The improvement in drilling efficiency gains across some key tight oil plays is meritorious and contributes directly to the current surge in tight oil production, there are growing risks of this momentum approaching inflection points in the future (depending on rig availability) at which steep decline rates start to offset these efficiency gains…………………………………..Full Article: Source


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