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EIA raises its forecast for U.S. unconventional oil production growth by more than 7 times in May

 Last Update: 2021-06-06
 Source: Internet
 Author: User

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According to a report from Petroleum News in Houston on May 17, 2021, the U.

EIA said on May 17 that the U.

EIA officials said that behind the upward revision of the data is the increase in the productivity of each rig and the recovery to better-than-expected levels from the severe winter cold that led to widespread shutdowns of oil wells in February.

According to EIA, in June this year, total U.

Li Jun compiled from Petroleum News

The original text is as follows:

EIA ups US unconventional oil output growth estimate for May more than sevenfold

The US Energy Information Administration increased its projection for month-on-month growth in US unconventional oil output for May by more than sevenfold in its latest Drilling Productivity Report.

The EIA on May 17 said May crude production will rise by 94,000 b/d from April to 7.

Higher productivity per rig and a better-than-expected bounceback from the winter freeze that caused widespread well shut-ins in February were behind the upward revision, EIA officials said.

　　In June, total US unconventional oil output is projected to rise by 26,000 b/d month on month to 7.

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