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US shale production to hit record level in June

US shale production to hit record level in June

The production of Petroleum in the seven largest shale basins of USA will rise in June to the highest level ever recorded, data from the Energy Information Administration (EIA).

Production will rise by 41,000 barrels per day (bpd) to 9.33 million bpd, according to the EIA. This crude production from the Permian Basin in Texas and New Mexico, the largest shale oil basin in the country, will increase by 15,000 bpd to a record 5.71 million bpd.

In the Bakken region of North Dakota and Montana, production will increase by 13,000 bpd to 1.23 million bpd, the highest since November 2020. Similarly, at Eagle Ford in South Texas, it will increase by just 2,000 bpd, up 1.11 million bpd, the highest level since November 2022.

Total natural gas production in the large shale basins will increase by nearly 300 million cubic feet per day (bcfd) to a record 97.2 bcfd in June, according to EIA projections. This number would top the all-time monthly high of nearly 97 bcfd forecast for May.

In the largest shale gas basin, the Appalachians in Pennsylvania, Ohio and West Virginia, production will rise to 35.3 bcfd in June, the highest since hitting a record 36.0 bcfd in December 2021.

Source: Reuters

Source: Gestion

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