Daily Management Review

US to cut shale oil production by 2.5% in June - EIA


Shale oil production in the largest oil and gas producing regions of the United States in June will decrease compared with May by 197 thousand barrels per day, or 2.5%, to 7.822 million barrels per day, according to the Energy Information Administration (EIA) of the country's energy ministry.

Tim Evanson via flickr
Tim Evanson via flickr
The largest decline in production is expected at the Permian field - by 87 thousand, up to 4.29 million barrels per day. According to the EIA, production at Anadarko will be reduced by 28 thousand, to 434 thousand barrels per day, on Niobrara - by 24 thousand, up to 636 thousand barrels per day, on Bakken - by 21 thousand, to 1.114 million, on Eagle Ford - by 36 thousand, up to 1.174 million. The smallest decline is expected at the Haynesville field - by one thousand, up to 36 thousand per day.

In addition, it is expected that the production at the Appalachia field will not change and will remain at the level of 138 thousand barrels per day.

The EIA also expects a total reduction in gas production in all of these fields by 779 thousand cubic feet, to 81.47 billion cubic feet per day in June.

Also, according to the EIA, the total number of unfinished wells in the fields of the largest oil and gas producing regions of the United States in April increased by 13 compared to the previous month, to 7617.

source: cnbc.com