- Total shale production seen up 77k bpd in Feb to 9.376 mbpd
- Production rose 86k bpd in January
- Permian basin seen up 30k bpd
- Eagle Ford seen up 4k bpd
- Bakken seen up 20k bpd
The productivity estimates are virtually flat and that’s an important point as it underscores that drilling technology has hit a plateau. That’s not a big surprise but it’s become more accepted that the recent productivity improvements were due to longer laterals, not better techniques.