FOCUS: UNCONVENTIONAL OIL & GAS: Purvin & Gertz estimates future unconventional oil output

07/04/2011
Paula DittrickSenior Staff WriterUnconventional oil production from the Bakken, Eagle Ford, and Niobrara plays is expected to approach 900,000 b/d in 2015 and exceed 1.3 million b/d by 2020, a consultant forecast.Purvin & Gertz Inc. estimates current oil production from the Bakken, Eagle Ford, and Niobrara plays at 350,000-400,000 b/d.The Bakken formation is in North Dakota and Montana, the Eagle Ford is in South Texas, and the Niobrara is in Colorado and Wyoming.Geoff Houlton, a vice-president with Purvin & Gertz in Houston, told OGJ that shale oil production likely will help offset US oil import volumes in coming years.Increasing supplies of light, sweet crude from shale oil pla...
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