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Alexander Malanichev 1Limits of Technological Efficiency of Shale Oil Production in the USA
2018.
Vol. 12.
No. 4.
P. 78–89
[issue contents]
The shale oil revolution in the United States had an irreversible impact upon the global oil market and was a key factor determining oil price reduction in 2014-2016. One of the main reasons for the rapid growth of the shale oil production in the US was the development of extracting technologies, which reduced the cost of production to an acceptable level. This article studies the problems of long-term forecasting in shale oil production and the productivity of drilling rigs. This research applies the fitting of an asymmetric bell-shaped function using an OLS approach. This function is derived as an analytical solution of the differential equation for oil production.
Citation:
Malanichev A. (2018) Limits of Technological Efficiency of Shale Oil Production in the USA. Foresight and STI Governance, vol. 12, no 4, pp. 78–89. DOI: 10.17323/2500-2597.2018.4.78.89
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