‹ Analysis & Projections

Annual Energy Outlook 2014

Release Dates: April 7 - 30, 2014   |  Next Early Release Date: December 2014   |  See schedule

Issues in focus

Table 5. Differences in crude oil and natural gas assumptions across three cases
  Reference    
Resource Average Range Low Oil and Gas Resource High Oil and Gas Resource
Shale gas, tight gas, and tight oil
Estimated Ultimate Recovery (EUR)
Shale gas (billion cubic feet per well) 1.04 0.01-11.32 50% lower 100% higher
Tight gas (billion cubic feet per well) 0.5 0.01-11.02 50% lower 100% higher
Tight oil (thousand barrels per well) 135 1-778 50% lower 100% higher
Incremental technically recoverable resource
Natural gas (trillion cubic feet) -- -- (522) 1,044
Crude oil (billion barrels) -- -- (29) 58
Well spacing (acres) 100 20-406 No change 20-40
Incremental technically recoverable resource
Natural gas (trillion cubic feet) -- -- No change 3,601
Crude oil (billion barrels) -- -- No change 269
Alaska
North Slope onshore & offshore
Offshore production start year 2029 No change 2025
Undiscovered crude oil (billion barrels) 22 No change 50% higher
Incremental technically recoverable resource (billion barrels) -- No change 11
Tight oil technically recoverable resource (billion barrels) None No change 19
Lower 48 states
Offshore undiscovered resources
Crude oil (billion barrels) 40 No change 50% higher
Natural gas (trillion cubic feet) 208 No change 50% higher
Incremental technically recoverable resource
Natural gas (trillion cubic feet) -- No change 104
Crude oil (billion barrels) -- No change 20
Kerogen (oil shale)
Technically recoverable resource -- No change No change
2040 production (thousand barrels per day) None None 135