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The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d in 2040 in its Annual Energy Outlook 2016 (AEO2016) Reference case. Given the uncertainty inherent in making projections, AEO2016 also includes several alternative cases, based on different assumptions for world oil prices, macroeconomic growth, resource availability, technology improvement, and other factors. Differences in crude oil from tight formations (tight oil) and natural gas plant liquids (NGPL) account for most of the differences in production across these cases. 

The oil price cases illustrate the effect of higher or lower global crude oil prices on U.S. production and use of petroleum. By 2030, the Brent crude...

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Blackhawk Energy Ventures LLC. is a private company engaged in the exploration, development and production of oil and gas in the United States. We focus on acquiring and developing energy assets that present potential for attractive risk-adjusted returns under our stewardship.

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