EIA: Permian to Drive Modest Boost in US Shale Oil Output
4/15 12:44 PM
EIA: Permian to Drive Modest Boost in US Shale Oil Output CRANBURY, N.J. (DTN) -- Oil production in seven major shale regions in the United States is expected to increase a modest 16,000 bpd in May from April to 9.863 million bpd, according to the Energy Information Administration's monthly Drilling Productivity Report released Monday afternoon. Oil output in the Texas-New Mexico Permian basin is expected to increase 12,000 bpd to 6.167 million bpd, with monthly production gains also projected in the Bakken in North Dakota, and the Eagle Ford in southern Texas. Bakken oil production is expected to increase 4,000 bpd to 1.249 million bpd in May, and by 5,000 bpd to 1.164 million bpd in Eagle Ford. (c) Copyright 2024 DTN, LLC. All rights reserved.