- Tight Gas & Oil
- Gas Hydrates
Niobrara’s horizontal development has a strong inventory and could still exceed 500,000 bbl/d and 1,200 MMcf/d, with four counties in particular proving themselves core.
Price might need to deteriorate further for U.S. production to resume as some companies are building a war chest of wells ready to pump when WTI rebounds.
The EIA estimates oil production from the seven most prolific shale plays will rise to 5.6 MMbbl/d in April. This increase over March would be the smallest projected since February 2011.