I have argued in a succession of OilPrice articles, here, here, and here, that the era of rapid growth in shale output was coming to an end. Until recently it was a little difficult to see as production has ramped +/- a million barrels a day from 2020 lows. Still, there has been a disconnect between a couple of reports put out by the Energy Information Agency-EIA, that are used to track U.
S. domestic output. I refer to the EIA-Drilling Productivity Report-DPR, issued monthly, usually at the beginning of week-3, and the EIA-914, a monthly report…Is U.S. Shale Production Peaking?
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