2018 oil growth of 1.58 MMBOPD is all-time high
The shale revolution will propel U.S. energy to unprecedented heights in the next two years, according to the EIA’s most recent Short-Term Energy Outlook (STEO).

This month’s STEO is the first to include forecasts for 2020, giving the EIA’s view on U.S. oil and gas prospects over the next two years. Overall, the shale revolution is predicted to continue but slow in 2019 and 2020.

U.S. oil production grew by just under 17% in 2018, the second-highest rate in nearly 80 years and the largest absolute increase in the country’s history. The EIA does not predict this rate will be sustained in the coming years, though growth will be robust by any measure. American oil production is expected to...

Legal Notice