Permian Gains to Push US Shale Output Growth: EIA

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

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

Wanda Ad #2 (article footer)
But the unions are still reviewing the Fair Work Commission's recommendations with an outcome due Friday.
Thu, Sep 21, 2023
US shale producers have restored productivity levels in the maturing onshore thanks to better placed wells and improved completions.
Mon, Sep 18, 2023