US Shale Oil, Gas Production Still Rising

E&P | Velda Addison

Outlooks are strong for the future of shale gas production through the end of 2017, as US drillers are increasing spending due to a better market environment.

U.S. oil production from shale plays is forecast to increase again, jumping 122,000 barrels per day (Mbbl/d) to 5.4 million barrels per day (MMbbl/d) in June, according to the latest drilling productivity report from the U.S. Energy Information Administration (EIA).Leading the pack is, of course, the Permian, where oil production could reach about 2.5 MMbbl/d, an increase of 71 Mbbl/d from what is expected by the end of May. Likewise, the future is likely to hold more shale gas production. The report shows shale gas production will increase to about 51.3 billion cubic feet per day (Bcf/d), compared to about 50.8 Bcf/d for May. Most of the gas production is coming from the Marcellus, which is forecast to produce about 19.3 Bcf/d in June—up 22 MMcf/d.

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