United States shale output from the seven most prolific shale basins is set to grow by 38,000 bpd, the U.S. Energy Information Administration said on Monday. Crude oil production from the seven major basins, according to the EIA’s Drilling Productivity Report, is set to increase to 7.803 million bpd in July—the highest output level since November of last year.
Most of the increase is set to come from the largest basin, the Permian, which is expected to see an increase in output by 56,000 bpd to 4.663 million bpd—the highest rate…U.S. Shale Oil Production Set To Grow By 38,000 Bpd Next Month
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