U.S. Shale production in the seven most prolific shale basins is set to increase 132,000 bpd in May to 8.649 million bpd, according to the Energy Information Administration’s latest Drilling Productivity Report published on Monday. It would be the largest monthly production increase since March 2020, according to EIA data.
The largest increase is expected to come from the Permian basin, increasing just 82,000 bpd from an estimated 5.055 million bpd in April 2022 to 5.137 million bpd next month. The EIA has forecast that the second largest…EIA: U.S. Shale Production To See Sizeable Increase In May
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