World Oil | Christopher Sell
American energy dominance continues as oil production from major shale plays like Eagle Ford is set to rise by 100,000 barrels per day in November.
The U.S. offered another reminder of its growing energy independence as government data showed shale oil production is forecast to reach a fresh record in November. Production from the nation’s major shale plays is expected to rise by almost 100,000 bpd month-on-month in November, to 7.71 MMbpd, according to the U.S. Energy Information Administration’s monthly Drilling Productivity Report. The number of oil rigs across the U.S. has been hovering in the 860s, according to Baker Hughes data, still up over 100 units since January.
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Sanchez Energy News
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