http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-11-14 03:01:392018-11-14 03:01:39US Shale Oil Production To Hit Record High In December, EIA Says
US Shale Oil Production To Hit Record High In December, EIA Says
U.S. crude oil output from seven major shale basins was expected to hit a record of 7.94 million barrels per day (bbl/d) in December, according to a monthly government forecast released on Nov. 13.
The total oil output from the basins was expected to rise 113,000 bbl/d, driven largely by increases in the Permian Basin of Texas and New Mexico, where output was forecast to climb by 63,000 bbl/d to about 3.7 million bbl/d in December, the U.S. Department of Energy’s Energy Information Administration (EIA) said.
Output was also expected to rise in each of the other basins, except for the Haynesville, where it would remain unchanged at 43,000 bbl/d.