The Center on Global Energy Policy hosted a lecture and discussion with Adam Sieminski, Administrator, U.S. Energy Information Administration (EIA). In the past few years, the United States has experienced a rapid increase in natural gas production from shale resources and oil production from shale and other tight resources. Recent U.S. production growth has centered largely in a few key regions and has been driven by advances in the application of horizontal drilling and hydraulic fracturing technologies. Given the importance of drilling productivity trends as a driver for future domestic production, EIA has been developing new approaches to assess the productivity of drilling operations.
Mr. Sieminski presented and discussed EIA's new research on the topic, providing region-specific insights into rig efficiency, new well productivity, decline rates at previously existing wells, and overall production trends. A moderated discussion followed the presentation. This event was open to press.