Empire Energy Investment Opportunity
Fracking - Transformational Impact on Market
US fracking has changed the oil and gas market forever
Monthly shale gas production in the US since 2004¹
billion cubic feet per day
•
eia
Commentary
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Shale oil and gas has transformed the US oil and gas industry
Shale basins now produce over 60 billion cubic feet of gas per day
70% of total US gas production from shale in December 2018
100
90
80
70
60
50
40
30
20
10
0
2004 2006 2008 2010 2012 2014 2016 2018
rest of U.S.
other U.S. shale gas
Marcellus (Pa., W.Va., Ohio, N.Y.)
Permian (Texas, N.M.)
Utica (Ohio, Pa., W.Va.)
Haynesville (La., Texas)
Eagle Ford (Texas)
Barnett (Texas)
Woodford (Okla.)
Bakken (N.D., Mont.)
Niobrara-Codell (Colo., Wyo.)
Mississippian (Okla.)
Fayetteville (Ark.)
Monthly shale oil production in the US since 20042
million barrels per day
13
12
11
10
9
8
7
6
5
4
3
2
1
0
2004 2006 2008 2010 2012 2014 2016 2018
rest of U.S.
other U.S. tight oil
Eagle Ford (Texas)
Spraberry (Texas Permian)
Bakken (N.D., Mont.)
eia
Wolfcamp (Texas and N.M. Permian)
Bonespring (Texas and N.M. Permian)
Niobrara-Codell (Colo. and Wyo.)
Mississippian (Okla.)
Austin Chalk (La., Texas)
Woodford (Okla.)
1: US Energy Information Administration
2: US Energy Information Administration, https://www.eia.gov/todayinenergy/detail.php?id=38372
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Shale basins now produce over 7 million barrels of oil per day
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•
EMPIRE
energy
60% of total US oil production from shale in December 2018
Commercial production is derived from numerous US shale basins
Technological advancements in hydraulic fracturing and horizontal drilling have opened
up a significant number of shale basins in the US
Key Takeaway
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US fracking technology and experience is being used to commercialise other shale
basins around the world
US basins are not the only ones in the world that can be successfully fracture stimulated
New shale basins outside of the US are being developed
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Empire believes this will be the case with the Northern Territory shales basins
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