Oil shale production is increasing, according to a recent United Nations forecast, and it could end up being a leading contributor to the United State's growth as an energy producer.
As previously mentioned in this blog, the U.S. is predicted to overtake Saudi Arabia in the coming years as the world's number one producer, and it appears that a boom in shale production in places like Colorado's Piceance Basin is leading the charge. In fact, Glenn Vawker, the head of the National Oil Shale Association, told the AP that shale production could grow to one million barrels per day in the next 20 to 30 years.
This puts a tremendous amount of pressure on oilfield producers in the United States to keep up with these lofty expectations. Oilfield technology like artificial lift will be relied upon to increase extraction speeds and promote operational efficiency.
Jeremy Boak, the director at the Center for Oil Shale Technology and Research, spoke with the news source about the shale extraction figures and said that while numbers today could be higher, he sees the potential for the U.S. to meet expectations.
"We have the largest single resource in the world here," Boak said. "China has a very large resource and it is moving aggressively. It is currently, as far as I can tell, the largest single producer of oil from oil shale. But the total amount is still very tiny – about 30,000 barrels a day or so. Nevertheless, it's being produced and they are ramping up."
Companies looking to improve their extraction operations should contact an oilfield solutions provider to acquire the right tools to fit their needs.