I found this article on CNN to be interesting for all of us Shale Players
That's the assessment of Pioneer Natural Resources Chairman Scott Sheffield, who told CNNMoney that he expects US production to surpass 11 million barrels a day within the next three to four months.
If achieved, that level of output would move the United States past Russia and make it the world's top oil producer.
"We'll be at 13 [million] very quickly," Sheffield said Wednesday at the OPEC International Seminar in Vienna, Austria. He predicted that number could jump to 15 million barrels per day within seven to eight years.
The United States is currently pumping 10.3 million barrels per day, according to the US Energy Information Administration. Russia pumps 10.6 million barrels per day, while Saudi Arabia's production stands at 10.1 million.
American production surpassed that of Saudi Arabia for the first time in February.
Sheffield, whose company is a major shale producer, spoke ahead of a highly-anticipated meeting in Vienna on Friday where OPEC members could ease production cuts that have been in place since 2017.
http://money.cnn.com/2018/06/20/news/economy/us-oil-production-shal...
Tags:
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
ContinuePosted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00
246 members
359 members
121 members
193 members
146 members
400 members
101 members
150 members
166 members
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
h2 | h2 | h2 |
---|---|---|
AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
Links |
Copyright © 2017 GoHaynesvilleShale.com