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EIA Increase Shale Oil Forecast to a Record 9.36mbd in March

OIL

Oil output in the major US shale oil basins is forecast to increase by 76kbpd to a record high of 9.357mbpd in March according to the EIA drilling productivity report released yesterday.

  • Monthly changes per region are:
    • Permian +30k to 5.682mbpd
    • Eagle Ford +4k to 1.180mbpd
    • Bakken +21k to 1.199mbpd
    • Niobrara +5k to 0.674mbpd
    • Anadarko +12k to 0.445mbpd
    • Appalachia +3k to 0.140mbpd
    • Haynesville unchanged at 0.037mbpd


Source: EIA Drilling Productivity Report

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