U.S. Energy Information Administration | Technically Recoverable Shale Oil and Shale Gas Resources 2
This report provides an initial assessment of shale oil resources and updates a prior assessment of shalegas resources issued in April 2011. It assesses 137 shale formations in 41 countries outside the UnitedStates, expanding on the 69 shale formations within 32 countries considered in the prior report. Theearlier assessment, also prepared by Advanced Resources International (ARI), was released as part of aU.S. Energy Information Administration (EIA) report titled
World Shale Gas Resources: An Initial Assessment of 14 Regions outside the United States
There were two reasons for pursuing an updated assessment of shale resources so soon after the priorreport. First, geologic research and well drilling results not available for use in the 2011 report allow fora more informed evaluation of the shale formations covered in that report as well as other shaleformations that it did not assess. Second, while the 2011 report focused exclusively on natural gas,recent developments in the United States highlight the role of shale formations and other tight plays assources of crude oil, lease condensates, and a variety of liquids processed from wet natural gas.As shown in Table 1, estimates in the updated report taken in conjunction with EIA’s own assessment of resources within the United States indicate technically recoverable resources of 345 billion barrels of world shale oil resources and 7,299 trillion cubic feet of world shale gas resources. The new global shalegas resource estimate is 10 percent higher than the estimate in the 2011 report.
Table 1. Comparison of the 2011 and 2013 reports
ARI report coverage 2011 Report 2013 Report
Number of countries 32 41Number of basins 48 95Number of formations 69 137
Technically recoverable resources, including U.S.
Shale gas (trillion cubic feet) 6,622 7,299Shale / tight oil (billion barrels) 32 345Note: The 2011 report did not include shale oil; however, the
Annual Energy Outlook 2011
did and is included here for completeness.
Although the shale resource estimates presented in this report will likely change over time as additionalinformation becomes available, it is evident that shale resources that were until recently not included intechnically recoverable resources constitute a substantial share of overall global technically recoverableoil and natural gas resources. The shale oil resources assessed in this report, combined with EIA’s priorestimate of U.S. tight oil resources that are predominantly in shales, add approximately 11 percent tothe 3,012 billion barrels of proved and unproved technically recoverable nonshale oil resourcesidentified in recent assessments. The shale gas resources assessed in this report, combined with EIA’sprior estimate of U.S. shale gas resources, add approximately 47 percent to the 15,583 trillion cubic
U.S. Energy Information Administration,
World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the United States
, April 2011, Washington, DC