Save for later Print Download Share LinkedIn Twitter Oil production in the US shale sector is expected to creep upward in May, according to projections from the US Energy Information Administration (EIA), with growth in the Permian Basin offsetting small declines elsewhere. The agency’s latest Drilling Productivity Report (DPR), which estimates production from seven major domestic shale basins based on the number of drilling rigs at work and their productivity, predicts crude output will rise by about 13,000 barrels per day from April to average just over 7.6 million b/d in May. The minuscule monthly uptick nonetheless represents a reversal of the trend portrayed in prior versions of the DPR, which has repeatedly forecast US shale production to dip since last fall. Oil Output From
