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U.S. Energy Renaissance

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Chris Sheehan, CFA
September 7, 2012

 Just how fast can oil production grow in the supply renaissance now taking hold in the U.S. industry as a result of technology advances in horizontal drilling and hydraulic fracturing? The answer, according to a report by Houston-based energy experts Simmons & Co. International: gains of as much as 319,000 to 938,000 barrels per day per annum, with the high case taking U.S. volumes by yearend 2015 to levels exceeding 10 million barrels per day (MMbbl/d)—a level last seen in 1970.

  Even the firm’s low-case scenario bumps volumes up to ...


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