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The term "shale oil" is also used for crude oil produced from shales of other unconventional, very low permeability formations. However, to reduce the risk of confusion of shale oil produced from oil shale with crude oil in oil-bearing shales, the term "tight oil" is preferred for the latter. [1]
Tight oil formations include the Bakken Shale, the Niobrara Formation, Barnett Shale, and the Eagle Ford Shale in the United States, R'Mah Formation in Syria, Sargelu Formation in the northern Persian Gulf region, Athel Formation in Oman, Bazhenov Formation and Achimov Formation of West Siberia in Russia, Arckaringa Basin in Australia, Chicontepec Formation in Mexico, [1] and the Vaca Muerta ...
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be produced. In addition to kerogen, general composition of oil shales constitutes inorganic substance and bitumens.
Brent crude futures rose to $74.60 a barrel on Tuesday and US West Texas Intermediate crude was up at $71.66 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.1%. For the year ...
Oil shale does not actually contain oil, but a waxy oil precursor known as kerogen. There is significant commercial production of oil from oil shale in the United States in North Dakota and Montana. Oil-bearing shales in North Dakota and Montana are producing increasing amounts of oil. As of April 2013, US crude production was at a more than 20 ...
The boom in shale oil and gas has been a swoon for many companies, but few have taken greater advantage of it than refineries in the past couple years. With a lack of infrastructure to move crude ...
US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector. Period." A deep recession ...