USEA CONSENSUS Webinar: The Next Phase of the Shale Oil Revolution: Storing CO2 with Shale EOR
The Next Phase of the “Shale Oil Revolution”: Storing CO2 with Shale EOR
The past decade of growth in domestic shale oil production is without precedent.
From below 1 MMbbls per day a decade ago, shale / tight oil production reached 8 MMbbls per day last year, equal to two-thirds of total domestic oil production.
While the growth of shale oil production is well documented, much less is known about other aspects of this important resource:
- How large is the shale resource in place?
- How much of this large resource is recoverable with current practices?
- How much would the use of CO2 injection (Shale EOR) improve shale oil recovery efficiency?
- How much CO2 could be stored in shale oil formations with CO2 EOR?
Answering these questions is the purpose of this presentation. It draws on a recently completed study, entitled: “Increasing Shale Oil Recovery and CO2 Storage with Cyclic CO2 Enhanced Oil Recovery,” performed by Advanced Resources International and sponsored by the USEA.