EIA sees US shale regions producing an additional 77k bpd in February
Total shale production seen up 77k bpd in Feb to 9.376 mbpdProduction rose 86k bpd in JanuaryPermian basin seen up 30k bpdEagle Ford seen up 4k bpdBakken seen up 20k bpdThe productivity estimates are virtually flat and that's an important point as it underscores that drilling technology has hit a plateau. That's not a big surprise but it's become more accepted that the recent productivity improvements were due to longer laterals, not better techniques. This article was written by Adam Button at www.forexlive.com.
- Total shale production seen up 77k bpd in Feb to 9.376 mbpd
- Production rose 86k bpd in January
- Permian basin seen up 30k bpd
- Eagle Ford seen up 4k bpd
- Bakken seen up 20k bpd
The productivity estimates are virtually flat and that's an important point as it underscores that drilling technology has hit a plateau. That's not a big surprise but it's become more accepted that the recent productivity improvements were due to longer laterals, not better techniques.
This article was written by Adam Button at www.forexlive.com.
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