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Abdullah Alamin
Aug 02

The May futures price of WTI fell to -$37.63 a barrel, mainly due to an oversupply

in GADGETS

Of crude oil and a shortage of oil storage tanks in Cushing, Oklahoma, the delivery point of U.S. WTI crude oil futures. arrow_forward_iosunderstand more Powered by GliaStudio This oil price war and the negative oil price incident are all related to "shale oil". In recent years, due to the success of shale oil in the United States, the daily output of oil has reached a maximum of 13.1 million barrels, of which shale oil production is as high as 9.6 million barrels, accounting for about 70%. Under the impact of the epidemic storm, the situation and prospects of the shale oil industry have attracted much attention. Unconventional shale oil and gas vs traditional oil and gas Shale oil and gas, as the name suggests, is the oil and natural gas contained in shale.


It is specially called unconventional because fax number list it is different from the traditional target of oil and gas exploration and production for a long time - oil and gas reservoirs in the formation. Oil and gas are organic matter in shale formations (also known as source rocks) that are buried and heated. Part of the oil and gas generated in the shale will be discharged to flow in the formation, and some of them will accumulate in the reservoir in the geological trap structure under suitable temporal and spatial conditions.


The most common ones, such as sandstone with good porosity and permeability, form An oil and gas reservoir rich in oil and gas. After the emergence of the petroleum industry in the mid-18th century, the exploration and mining industry continued to develop various exploration and drilling technologies, and explored and recovered oil and gas reservoirs on a large scale. Therefore, the hidden worries of the depletion of traditional oil and gas resources linger. In fact, in addition to the oil and gas accumulated in the oil and gas reservoirs, more oil and gas are scattered in the non-oil and gas reservoirs, including the oil and gas remaining in the shale but not discharged, or the discharged oil and gas in the porosity and permeability. in tight sandstone formations with poor rates.

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