RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

U.S. shale oil output to rise to record 8.8 mln bpd

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | September 17, 2019
shale oil
America   Permian Basin of Texas

U.S. oil output from seven major shale formations is expected to rise by 74,000 barrels per day (bpd) in October to a record high 8.843 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.

Topics: U.S. oil

The largest change is expected in the Permian Basin of Texas and New Mexico, where output is seen climbing around 71,000 bpd to a record high 4.485 million bpd in October. That is the ninth consecutive month of increases in the basin, its longest streak since December 2018.

Output in North Dakota and Montana’s Bakken region is expected to edge higher by about 2,000 bpd to a record 1.471 million bpd, the data showed. That is the smallest increase in the basin since May.


What to read next
POST Online Media Contact