University of Texas researchers challenge EIA long-term forecasts
A group of researchers at the University of Texas (UT) at Austin, have conducted a study into the longevity of some of the largest shale plays in the US.
The results have forecast a sooner and sharper slowdown in shale productivity compared to US Energy Information Administration (EIA) research from 2013.
The EIA report concluded that based upon its tests that the largest shale reserves would be viable for the next thirty years at least, with the director Adam Sieminski previously stating that the “EIA has no doubt at all that production can continue to grow all the way out to 2040”.
However, this research from the UT Austin has said that shale production could peak as early as 2020 before suffering terminal decline.