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EIA Predicts Record Drop in US Shale

EIA Predicts Record Drop in US Shale EIA Predicts Record Drop in US Shale

Crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month, the Energy Information Administration said.
Production in the seven most prolific shale basins in the United States is expected to fall to 7.822 million bpd, the EIA said, down from 8.019 million bpd this month. It will be a record monthly loss, Oil Price reported.
The largest drop on the list for crude oil and condensate production is in the Permian, which is expected to fall by 87,000 bpd to 4.290 million bpd. The next largest basin, the Eagle Ford, is expected to fall by 36,000 bpd in June, to 1.174 million bpd. There are losses expected in all seven basins on the EIA list.
Gas production is expected to see across-the-board losses, too, with the EIA predicting a loss of 22 million cubic meters per day. For gas production, the EIA is expecting that Anadarko will see the largest drop of 7 million cubic meters per day to 185,000. The next largest loss in June will come from the Permian, with a loss of 6 million cubic meters per day.  

 

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