Oil shale economics - Wikipedia
Oil shale economics deals with the economic feasibility of oil shale extraction and processing.Although usually oil shale economics is understood as shale oil extraction economics, the wider approach evaluates usage of oil shale as whole, including for the oil-shale-fired power generation and production of by-products during retorting or shale oil upgrading processes.
QEM reports high oil yield during test program, emphasis ...
Outcome of the Oil Extraction Testing. The oil recovery testing showcased the improvement in oil extraction using a solvent for both the OSU and OSL oil shales. Here are the few specific outcomes of the oil extraction test - Oil yields recorded at 16.7 to 18.1 % dry basis for the OSU shale and ~14.7% for the OSL shale as per the base case ...
Shale Oil: Definition, Production, Fracking, Pros, Cons
Jan 31, 2020· Shale oil extraction methods are more flexible than traditional oil well drilling. The initial drilling only accounts for 40% of the total cost. Extracting the oil costs roughly $1 million for each well. That made shale oil extraction profitable when oil reached $100 a barrel.
oil shale | National Geographic Society
Mar 04, 2013· Extracting and processing shale oil is an expensive and difficult process. Coal, petroleum, and natural gas are less expensive to extract. Australia, Brazil, Switzerland, Sweden, Spain, and South Africa began mining oil shale in the 19th and 20th centuries, but they all stopped production by the 1960s. The U.S. ceased production in the early 1980s.
An introduction to shale oil & gas - IOGP
Wind mills Solarpanels . To produce an equivalent amount of energy with wind mills or solar panels, we would need 10 to 30 times the surface ... • Oil & gas extraction In shale gas, vibrations are generally lower than a truck passing by. The Paris metro vibrations are equivalent to 7 times . .
Charts: US Shale Oil and Gas Production in the Permian ...
The Permian is the largest US shale basin in terms of both oil and gas production. All of the charts are based on the most recent data from the US Energy Information Agency. Permian Oil Production . Oil production in the Permian basin hit a record high of over 4.7 million barrels per day (b/d) in .
US Shale Oil: Boom and Bust, Reserves, Companies
May 01, 2020· Since 2014, U.S. shale oil has created a boom in domestic crude oil production. Shale oil comprises more than a third of the onshore production of crude oil in the lower 48 states. It drove U.S. oil output from 8.8 million barrels per day in 2014 to a record 12.2 million barrels a day in 2019.
Shale oil extraction - Wikipedia
Shale oil extraction is an industrial process for unconventional oil production. This process converts kerogen in oil shale into shale oil by pyrolysis, hydrogenation, or thermal dissolution.The resultant shale oil is used as fuel oil or upgraded to meet refinery feedstock specifications by adding hydrogen and removing sulfur and nitrogen impurities.. Shale oil extraction is usually performed ...
Shale oil and shale gas resources are globally abundant ...
Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new EIA-sponsored study (see Table 1) .
Energy at a Glance: - Pennsylvania State University
Alberta's oil sand reserves are estimated at 1.7 to 2.5 trillion barrels of oil trapped in the complex oil sand mixture, and this represents the largest single reserve of oil in the world. About 15% of this is currently recoverable, which amounts to about 75% of the petroleum reserves in North America.
US shale production decline is likely to continue – Oil ...
Aug 13, 2020· The US shale production decline is likely to continue, despite a bounce back in demand since April, the height of the COVID-19 pandemic.. The U.S. rig count is at its lowest since 2005; only 176 oil rigs are currently active nation-wide. Drilling permits in July dropped to their lowest level since September 2010, according to Rystad Energy.
What's oil shale? | HowStuffWorks
These conditions resulted in oil shale. Think of oil shale like liquid crude oil that made it through every stage of development, save the last part that converted it into a liquid. It's up to energy scientists to finish the process. This is no small feat, though. Find out about the oil shale extraction process next.