Shale oil refers to hydrocarbons that are trapped in formations of shale rock. Fracking is a process that oil companies use to drill down into the layers of shale and open up the rock formations Estimates vary, but turning oil shale into gasoline or diesel may lead to three or more times as many heat-trapping gas emissions than conventional oil. At present, oil shale is not a commercially viable product in most of the world, as the same processes that make it dirty also make it expensive. Oil companies produce shale oil by fracturing the rock formations that contain the layers of oil. Since 2014, U.S. shale oil has created a boom in domestic crude oil production. Shale oil comprises more than a third of the onshore production of crude oil in the lower 48 states. Oil shale distillates (products of retorting) typically favor the production of middle-distillates (diesel and kerosene), and have higher concentrations of nitrogen than crude oil. To produce light-distillates (such as gasoline) additional processing, such as hydrocracking, is required to break down the larger hydrocarbons. Commercial grades of oil shale, as determined by their yield of shale oil, ranges from about 100 to 200 liters per metric ton (l/t) of rock. The U.S. Geological Survey has used a lower limit of about 40 l/t for classification of Federal oil-shale lands. Others have suggested a limit as low as 25 l/t. Oil shale, despite the name, does not actually contain oil, but rather a type of organic matter called kerogen, a precursor of oil that is converted to a type of crude oil when heated to about 450 – 500° C.
Commercial grades of oil shale, as determined by their yield of shale oil, ranges from about 100 to 200 liters per metric ton (l/t) of rock. The U.S. Geological Survey has used a lower limit of about 40 l/t for classification of Federal oil-shale lands. Others have suggested a limit as low as 25 l/t. Oil shale, despite the name, does not actually contain oil, but rather a type of organic matter called kerogen, a precursor of oil that is converted to a type of crude oil when heated to about 450 – 500° C. Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without Surging U.S. oil supplies may soon struggle to find a buyer, and Morgan Stanley believes that could create winners in the stock and commodity markets.. Output from American shale oil fields has
The oil and gas industry faces an existential crisis caused by Wall Street dissatisfaction and a belief by most teens that the industry does more harm than good, In just seven years, the US shale gas and tight oil revolution has created significant new challenges and opportunities and a new known-unknown that energy
Report T7b of the EUOGA study (EU Unconventional Oil and Gas Assessment) commissioned by European. Commission Joint Research Centre to GEUS. Page 6
Using conventional gas processing technology, Enefit is developing a gasoline recovery unit to recover six tons per hour of shale gasoline from semi-coke gas 11 Nov 2019 The U.S. is expected to become a net energy exporter in 2020, exporting more energy products ranging from oil to natural gas, than it imports, 14 Mar 2016 The potential of an oil shale as a source of energy depends on the economic recoverability of oil (and gas) from it. The lower limit of the oil yield in priority geologic provinces in the World. This website highlights conventional and unconventional (continuous) oil and gas resources (such as shale gas) for