US Shale Oil, Gas Production Still Rising
U.S. oil production from shale plays is forecast to increase again, jumping 122,000 barrels per day (Mbbl/d) to 5.4 million barrels per day (MMbbl/d) in June, according to the latest drilling productivity report from the U.S. Energy Information Administration (EIA).
Leading the pack is, of course, the Permian, where oil production could reach about 2.5 MMbbl/d, an increase of 71 Mbbl/d from what is expected by the end of May.
Likewise, the future is likely to hold more shale gas production. The report shows shale gas production will increase to about 51.3 billion cubic feet per day (Bcf/d), compared to about 50.8 Bcf/d for May. Most of the gas production is coming from the Marcellus, which is forecast to produce about 19.3 Bcf/d in June—up 22 MMcf/d.
Although the Marcellus produces more than twice that of any other region tracked in the report, other areas are expected to see production gains next month. These, according to the report, include the….
Written by Velda Addison for Digital News Group Hart Energy