There's still some debate about whether America's shale oil boom is merely an overnight sensation or a true-blue gamechanger — we've featured both sides here.
In a new study published by Harvard's Kennedy School of Government, former oil company executive Leonardo Maugeri predicts that for America's three largest shale oil plays — the Bakken in North Dakota and the Eagle Ford and Permian Basin in Texas — the boom should last at least another decade.
He arrives at that estimate by calculating current well densities — how many wells there are in a given acre of shale play — and improving rig efficiencies, the result of improved drilling times and lower-cost drilling methods. Plus, he writes, new infrastructure coming online will make it cheaper to invest in these plays.
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