WLHsp®
WLHsp®
WL Intermediate Strength Proppant
WL Intermediate Strength Proppant
WLLite®
WLLite®
WLRCS®
WLRCS®
Sample Available
Sample Available
Logistics
Logistics
Port Inspect
Port Inspect
FAQs
FAQs
Quality Control
Quality Control
Health & Safe System
Health & Safe System
Environment System
Environment System
Download Center
Download Center
Test report for download.
Exhibition News
Exhibition News
Company News
Company News
Industry News
Industry News
Development
Development
Wanli Culture
Wanli Culture
Wanli Team
Wanli Team
Overseas Company
Overseas Company
Social Responsibility
Social Responsibility
Recruitment
Recruitment
Online Message
Online Message
Contact Us
Contact Us
NEWS:
MORE>>
Column
Current location:HOME>> News>> Industry News>> Shale oil companies desire fiercely to occupy the market
Shale oil companies desire fiercely to occupy the market
AUTHOR:admin PUBLISHED:2016-10-24 CLICK:正在读取

Public information display, compared to the investment cycle of traditional oil which is generally 5-7 years, shale oil’s is much shorter. The new wells need only about 3 months, and the yield is concentrated in two years ago, then cash back fast, so the price is more sensitive to shale oil. While the total output accounted for only 5% of the world, but contributed to the 45% global increase over the past few years, becoming the largest marginal production capacity.

Insiders said, shale oil is currently $40 / barrel cost and short production cycle compared to the vast majority of traditional oil with more advantages. New capacity in the foreseeable future will mainly focus on shale oil. This oil supply for the future planted a huge risk. But after all, shale oil production cannot be unlimited growth. Once reached the limit yield, the need for traditional oil production to meet the demand, you will find the traditional oil even immediately restart investment. And after the release of production capacity in 5 years, the supply and demand mismatch when it is difficult to avoid.



Therefore, the main contradiction facing the future oil market is short-term marginal capacity of shale oil, and the long-term marginal capacity is still the traditional oil shale oil production, which keeps high growth in the future several years at the expense of the potential long-term supply of traditional oil price. When the new supply must be switched from shale oil to the traditional oil field, the supply shortage will be very significant, and the demand will continue to grow, then only through the price it will adjust the supply and demand.

Some analysts believe that due to the recent oil prices stabilize again, the US shale oil producers are eager to improve the active number of petroleum drilling. Thus oil prices are expected to rise further in the United States which will accelerate the recovery of shale oil drilling.

Please feel free to leave your message, we will contact with you as soon as possible.
Message Online










 
Copyright: Xinmi Wanli Industry Development Co., Ltd. 豫ICP备09043809号-1 ©:1994-2017
Tel:0371-60126628 FAX:0371-60126629 E-mail: wl@wlproppant.com
Address:Suite 808, Tower F, Jianye Headquarters, Zhengzhou, Henan, China.