EIA Sees 60,000 Bpd Oil Growth In Nov From U.S. Shale Plays

Reuters

Oct 22 (Reuters) – Oil production from the six fastest-growing oil and gas regions in the United States is projected to increase by 60,000 barrels per day in November from October, the U.S. Energy Information Administration said in a new set of data released on Tuesday.

In the first installment of its Drilling Productivity Report, the EIA issued projected oil and gas production figures for October and November from the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara and Permian basins and formations.

By far the largest growth in production will come from the Bakken formation, mostly in North Dakota, and the Eagle Ford, mostly in Texas.

Bakken oil output is projected to rise by 25,000 bpd to 960,000 bpd in November from 935,000 bpd in October, and Eagle Ford is expected to increase 24,000 bpd to 1.09 million bpd from 1.07 million bpd.

Of the other big oil regions, output from the Permian basin is expected to remain unchanged at 1.29 million bpd.

The report also tracks the productivity of each play by calculating oil production per rig. Production per rig is seen rising to 482 bpd from 459 bpd for the Bakken, increasing to 404 bpd from 396 bpd for Eagle Ford and remaining stable at 79 bpd for the Permian.

(Reporting by Sabina Zawadzki; Editing by Gerald E. McCormick and Lisa Von Ahn)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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