Shale Oil on the Rise this Month, EIA says

Houston Chronicle | Collin Eaton

Oil production in the U.S. are set to increase this month, EIA said Monday.

Oil production across the seven major U.S. shale plays could climb by 124,000 barrels a day over the next month as drilling continues to boom, the Energy Department said Monday. More than half of the increase will come from the Permian Basin in West Texas, where daily crude output is expected to climb 3.3 percent to 2.4 million barrels by May, according to the Energy Information Administration. In the Eagle Ford Shale in South Texas, drillers are set to lift oil production 3.3 percent to 1.2 million barrels a day, the highest level since May 2016.
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