Analyst: US unconventional liquids production could result in zero net oil imports

05/28/2012
Production from unconventional liquids plays could result in the US becoming independent from oil imports before 2020, an analyst told attendees at an International Association of Drilling Contractors conference on onshore drilling. Marshall Adkins, managing director of energy research for Raymond James & Associates, told conference participants, "You guys have gotten too good at getting oil out of the ground, and we are going to see some issues." US crude oil production is rising in the face of declining oil demand, Adkins said. He credited horizontal drilling and multistage hydraulic fracturing in North Dakota's Bakken formation and the South Texas Eagle Ford shale with re...
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