EIA Projects US Shale Oil Production To Rise In October

Oil output from seven major shale formations in the United States is expected to rise by 79,000 barrels per day (bbl/d) to 7.6 million bbl/d in October, the U.S. Energy Information Administration (EIA) said Sept. 17.

Surging oil output from shale formations boosted total U.S. crude production to a record high of nearly 10.7 million bbl/d in June, the latest month for which data is available.

Production is expected to rise 31,000 bbl/d in the Permian Basin of Texas and New Mexico, the EIA said in a monthly report.