PCCA Journal|2
nd
Quarter 2013
9
production for decades, resulting in the country being a net
importer of oil. Similarly, although the U.S. has one of the
largest proven reserves of natural gas, it is a net importer of
liquefied natural gas (LNG). Natural gas liquids (NGLs) from
crude oil (associated gases) and natural gas production are
valuable due to their use in petrochemical-based manufac-
turing. The U.S. is a large producer and supplier of NGLs to
both domestic and international petrochemical manufactur-
ers.
For decades, the established paradigm
has been that the U.S. is dependent on
imported foreign oil and increasingly
less competitive against foreign suppliers
and manufacturers of petrochemical and
petroleum-based manufactured goods.
As a result, the country’s petroleum and
downstream petrochemical infrastructure
has been in steady decline, due to underin-
vestment caused by competitive inequities
and other factors, such as cost-prohibitive
environmental regulations. Until recently,
politicians, economists, and corporate strat-
eGISts assumed these trends were irreversible.
Fortunately, the established paradigm no longer holds true.
The World’s Largest Producer
of Liquid Petroleum Products
Much of the U.S. oil and gas reserves are trapped in tight for-
mations called shale plays. Recent innovations in horizontal
drilling technologies and hydraulic fracturing methods allow
EECI10208-S01-01
BRON logo is a registered trademark of RWF Industries
• Static or Vibratory
• 84” (213 cm) Plow Depth
• Left/Right Offset
ADD-ON
UTILITY
PLOWS
GET
UNDERWAY
Exhibit 2
Six Prominent U.S. Shale Plays
Eagle Ford
Mississippian Lime
Barnett
Haynesford
Utica
Marcellus
Bakken
10.0
6.5
4.0
3.5
15.0
13.0
9.4
100,000
30,000
30,000
50,000
175,000
50,000
45,000
2,500
600
1,000
1,000
1,650
600
1,000
40
50
30
30
100
80
45
+
Shale Play
Acres
Millions
Remaining Locations
Wells/Year
Years Remaining
Source: Enterprise Products Partners, LP and FMI estimates
Continued on page 10
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