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Shale oil production in the U.S. in August will grow for the eighth month in a row



Shale oil production in the U.S. in August will grow for the eighth consecutive month, the forecast of the U.S. Energy Information Administration (EIA) published on Monday.




18.Jul.17 1:25 PM
By Daria Zaytseva
Photo Toinnov.com

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Shale oil production in the U.S. in August will grow for the eighth month in a row

The production of shale oil in the U.S. next month will increase by 112,000 barrels per day (bpd) to 5.585 million bpd, the agency said in a monthly survey.

Oil production in the largest U.S. oil reservoir - Permian - in August will be 2.535 million bpd, which exceeds the July figure by 64,000 bpd.

Production at the Eagle Ford in August will grow by 27,000 bpd to 1.387 million bpd, the EIA reported. This is the highest since February 2016.

The production of oil at the Bakken field in North Dakota will update the maximum since November 2016 and will grow by 3.500 bpd to 1.043 million bpd, it follows from the forecast.

It is expected that natural gas production in the U.S. in August will also grow for the eighth consecutive month to a record 52.9 billion cubic feet per day (about 1.5 billion cubic meters per day).

EIA predicts an increase in gas production in all major shale formations in August, with the main increase will be on Marcellus.

Production in the shale formation of Marcellus, the largest shale gas field in the U.S., will increase for the fifth consecutive month to 19.8 billion cubic feet per day (about 0.6 billion cubic meters per day) in August.

According to the EIA, U.S. miners drilled 1,026 wells in June and commissioned 872. The number of drilled but not commissioned wells (DUC-wells) reached a historic high of 6.031.




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