US crude oil output passes 10% mark of global production
Published: Friday, 28 March 2014
Proppants are used in the extraction of shale oil and gas, therefore continuing increase of production in the US, will lead to a boom in the silica sand industry. Furthermore, with demand for US oil and gas from Europe, as a result of tensions in Russia, production could further increase.
US overall crude oil increased in Q4 2013, from 9% of total
world production in Q4 2012 to 10% during the same quarter last
year, thanks to increased shale oil extraction.
According to the US Energy Information Administration (EIA),
tight oil, shale deposits that contain petroleum, averaged
3.33m barrels per...