EIA sees US shale regions producing an additional 77k bpd in February | Forexlive

  • 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.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *