The US Shale boom isn’t close to being over

Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its latest Drilling Productivity Report.

Hardly surprisingly, the Permian will lead the way with a 78,000-bpd increase in production, from 3.199 million bpd this month to 3.277 million bpd in June. The Permian will be followed by Eagle Ford, where average daily oil production will rise by 33,000 bpd from 1.354 million bpd to 1.387 million bpd.

The only shale play that will not register an increase in oil production will be Haynesville, where gas production, however, will grow by 201 million cu ft daily—the third-highest monthly gas production increase in the shale patch. The highest will be in Appalachia, where gas production will rise by 373 million cu ft between May and June…

 

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