| The U.S. government published its first official forecast for booming "tight oil" production on Monday, estimating that shale formations such as the Bakken in North Dakota will more than double output in the next two decades.
The projections, one small part of the Energy Information Administration's updated long-term forecasts, shed light on the agency's take on the role of the oil found in low-permeability reservoirs such as shale and chalk formations, the largest new source of U.S. supply since offshore Gulf of Mexico...............................................Full Article: Source
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