Official: EIA needs more time to learn true potential of shale plays

02/3/2013 | SNL Financial (free content)

The U.S. will need a few more years to determine the true potential of the country's shale oil and natural gas formations, an Energy Information Administration official said. "The key component here is the uncertainty with regards to productivity of these tight oil wells," said A. Michael Schaal, the agency's director for petroleum, natural gas and biofuels analysis.

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SNL Financial (free content)

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