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Production from the seven major U.
S.
shale oil and gas producers is expected to increase by 26,000 barrels per day in June to 7.
73 million barrels
, the first increase in three months, the U.
S.
Energy Information Administration said in Monday's monthly forecast report.
The biggest increase will come from Permian, the country's largest oil-producing basin, where shale oil production is expected to increase by 54,000 b/d to 4.
59 million b/d, the highest level
since March 2020.
Production is expected to decline
in almost all other large basins, such as Bakken and Montana in North Dakota and Eagle Ford in South Texas.
In Bakken, production is expected to fall by about 7,000 b/d to 1.
1 million b/d, the lowest level
since July 2020.
According to EIA's drilling productivity report dating back to 2007, natural gas production from major shale basins is expected to decline for the third consecutive month in June, the first
time on record.
Total natural gas production will fall by about 100 million cubic feet per day to 83.
6 billion cubic feet
in June.
This compares to a monthly record high of 86.
9 billion cubic feet
in December 2019.
Natural gas production from Appalachia, the largest shale gas basin, is expected to fall by 100 million cubic feet to 34.
2 billion cubic feet per day in June, the lowest level
since October 2020.
This compares to a monthly record of 35.
6 billion cubic feet per day
in December 2020.
Meanwhile, natural gas production in the Haynesville area will grow by 100 million cubic feet/day in June to a record 12.
8 billion cubic feet per day
.
Production from the seven major U.
S.
shale oil and gas producers is expected to increase by 26,000 barrels per day in June to 7.
73 million barrels
, the first increase in three months, the U.
S.
Energy Information Administration said in Monday's monthly forecast report.
The biggest increase will come from Permian, the country's largest oil-producing basin, where shale oil production is expected to increase by 54,000 b/d to 4.
59 million b/d, the highest level
since March 2020.
Production is expected to decline
in almost all other large basins, such as Bakken and Montana in North Dakota and Eagle Ford in South Texas.
In Bakken, production is expected to fall by about 7,000 b/d to 1.
1 million b/d, the lowest level
since July 2020.
According to EIA's drilling productivity report dating back to 2007, natural gas production from major shale basins is expected to decline for the third consecutive month in June, the first
time on record.
Total natural gas production will fall by about 100 million cubic feet per day to 83.
6 billion cubic feet
in June.
This compares to a monthly record high of 86.
9 billion cubic feet
in December 2019.
Natural gas production from Appalachia, the largest shale gas basin, is expected to fall by 100 million cubic feet to 34.
2 billion cubic feet per day in June, the lowest level
since October 2020.
This compares to a monthly record of 35.
6 billion cubic feet per day
in December 2020.
Meanwhile, natural gas production in the Haynesville area will grow by 100 million cubic feet/day in June to a record 12.
8 billion cubic feet per day
.
