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EIA Forecasts Record Shale Production March

OIL

US crude oil and natural gas production from the seven biggest shale basins is expected to rise to record highs in March according to the EIA.

  • The EIA projects that crude production in the shale basins will rise by about 75,000 bpd in March to a record 9.36 million bpd.
  • Total natural gas output in the major shale basins will increase by about 0.4 bcfd to a record 96.6 bcfd in March, EIA projected.

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