US Shale Output to Ride Permian Higher: EIA

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Oil output growth in the Permian Basin is expected to continue pulling US shale crude output higher in July, according to projections from the US Energy Information Administration (EIA). 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 38,000 barrels per day from June to average just over 7.8 million b/d in July. Once again, the increase is expected to be driven almost entirely by the Permian Basin of West Texas and southeastern New Mexico, where oil production is expected to grow by 56,000 b/d in the first full month of summer to average just over 4.8 million b/d. Oil Output From

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