Permian Production Set To Rise Despite Shale Decline

Oil production from the seven largest U.S. shale regions is set to decline by 46,000 barrels per day (bpd) in April, but output in the biggest and most prolific basin, the Permian, is expected to eke out a production gain next month, EIA data showed. According to the EIA’s Drilling Productivity Report, shale production is set to drop by 46,000 bpd to 7.

458    million bpd next month. All oil-producing regions except for the Permian are expected to see their production drop in April, but the Permian basin should see output rise…