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More than 50% of the United States oil reserves come in the form of unconventional shale oil, with Texas alone containing 60 million barrels of this type of fossil fuel.
More than half of the identified shale oil resources outside the United States are concentrated in four countriesâRussia, China, Argentina, and Libyaâwhile more than half of the non-U.S. shale gas resources are concentrated in five countriesâChina, Argentina, Algeria, Canada, and Mexico.ecause they have proven to be quickly producible in large volumes at a relatively low cost, shale / tight oil and shale gas resources have revolutionized U.S. oil and natural gas production, providing 29 percent of total U.S. crude oil production and 40 percent of total U.S. natural gas production in 2012.