Reuters | Staff
In April, the Eagle Ford could see gains of 23,000 bpd to 1.3 million bpd.
U.S. crude production from major shale formations is expected to rise by 131,000 barrels per day in April from the previous month to a record high 6.95 million bpd, the U.S. Energy Information Administration (EIA) said in a monthly productivity report on Monday. That expected increase would top the 105,000 bpd increase in March from the previous month to what was then expected to be a record high of 6.82 million bpd, the EIA said. The expected increase in April is largely driven by gains in oil production in the Permian and Eagle Ford formations, according to the report.
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