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EIA Increase Shale Oil Forecast to 9.19mbd in December

OIL

Oil output in the major US shale oil basins is forecast to increase to 9.191mbpd in December according to the EIA drilling productivity report released late yesterday.

  • EIA has revised the November shale oil forecast down to 9.1mbpd from 9.11mbpd
  • Monthly changes per region are:
    • Permian +39k to 5.499mbpd
    • Eagle Ford +14k to 1.237mbpd
    • Bakken +19k to 1.201mbpd
    • Niobrara +9k to 0.662mbpd
    • Anadarko +8k to 0.431mbpd
    • Appalachia +2k to 0.124mbpd
    • Haynesville unchanged at 0.037mbpd

Source: EIA

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