December 17, 2012

Shale Oil Production Ramp: Texas vs North Dakota vs California


Shale Oil production ramp: Texas vs North Dakota vs California.
 

Source: EIA

The shale oil production ramp as seen in the crude oil output from Texas and North Dakota. California with no shale oil production is included as a reference.

These production ramps are one reason why WTI crude oil at $50 or WTI crude oil to $65 in 2013 predictions may come true.


Tags: crude oil production ramp, shale oil production ramp, texas vs north dakota vs california, wti crude oil price projection