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EIA Increase Shale Oil Forecast to 9.33mbd in May

OIL

Oil output in the major US shale oil basins is forecast to increase by 49kbpd to 9.328mbpd in May according to the EIA drilling productivity report released yesterday.

  • The April output forecast was revised up from 9.214mbpd to 9.279mbpd
  • Monthly changes per region are:
    • Permian +13k to 5.694mbpd
    • Bakken +17k to 1.176mbpd
    • Eagle Ford +6k to 1.141mbpd
    • Niobrara +4k to 0.672mbpd
    • Anadarko +8k to 0.458mbpd
    • Appalachia +1k to 0.150mbpd
    • Haynesville unchanged at 0.037mbpd


Source: EIA

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