EIA: US shale oil output to decline 91,000 b/d in July

Crude oil production in July from seven major US shale plays is expected to drop 91,000 b/d to 5.49 million b/d compared with June, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The forecasted decline is up 5,000 b/d compared with June’s decline from May (OGJ Online, May 12, 2015).

The DPR focuses on the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian, and Utica, which altogether accounted for 95% of US oil production increases and all US natural gas production increases during 2011-13.

The monthly decline will again be led by the Eagle Ford, whose expected 49,000-b/d drop to 1.59 million b/d is only 2,000 b/d higher than the previous month’s decline. Production from the Bakken is expected to fall 29,000 b/d, also up 2,000 b/d from June, to 1.24 million b/d. The Niobrara is expected to see a 17,000-b/d drop, up 1,000 b/d from June, to 414,000 b/d.

In the Permian, where production growth has been maintained over the course of the year although at a shrinking rate, EIA forecasts a 3,000-b/d increase to 2.06 million b/d. That rate is less than half of last month’s increase and only a seventh of April’s growth.

New-well oil production/rig across the seven plays will increase in July by a rig-weighted average of 15 b/d to 419 b/d, with a 23-b/d rise in the Bakken to 654 b/d, 22-b/d rise in the Eagle Ford to 741 b/d, 19-b/d rise in the Permian to 315 b/d, and 13-b/d rise in the Niobrara to 510 b/d.

Natural gas production across the plays is expected to drop 221 MMcfd during July to 45.65 bcfd, led by a 108-MMcfd decline in the Eagle Ford to 7.14 bcfd and 53-MMcfd decline in the Niobrara to 4.56 bcfd. EIA forecasts the Utica will be the only play to report an increase, gaining 42 MMcfd to 2.56 bcfd.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...