There remains controversy over just how long America’s current energy boom will last.
But there are plenty of experts who would argue such notions are off the mark.
Using data from the Energy Information Administration and Canadian energy consultancy ITG, we have put together what we think is a comprehensive review of the American shale story. Ultimately, we think that you’ll conclude that “Saudi America” is real and here to stay.
Quick review: Fracking involves injecting large volumes of fluids and small particles like sand into a well to free up oil or gas.
But the maximum production rate for a single well lasts just a few years, even for wells in the country's most popular shale plays. sceptics say this is a big red flag.
Indeed, Ohio recently vetoed a proposal to force drillers to disclose monthly production data, which makes some analysts even more suspicious.
But, many shale plays are so enormous that only tiny portions have been extensively production tested, the EIA says.
The Marcellus Shale currently has around 12,000 wells. The EIA estimates that this number could head north of 100,000.
The further you get into production, the more realistic reserve estimates get. And they're only down modestly.
So here's the truth: While the average well only lasts so long, we have miles of wells to drill before the American energy boom goes to sleep.
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