U.S. shale oil production for September, which includes a new regional data input, is forecast to rise by 117,000 bbl/d to 6.15 MMbbl/d, its ninth consecutive monthly rise, the U.S. Energy Information Administration (EIA) said on Aug. 14.
The total forecast figure has expanded to include the Anadarko region, a growing and prolific shale play that has the second-most operating rigs, at 129, after the Permian’s 373, according to the EIA’s monthly drilling productivity report.
The EIA added that the region has become “the target of many producers using improved drilling and completion technology to this already well-established oil and gas producing basin.”
Meanwhile, the EIA is combining the Marcellus and Utica regions into a new Appalachia region to help the precision of its productivity estimates.
Without the addition, total shale output for September would have been forecast to rise by 106,000 bbl/d to 5.69 MMbbl/d.
In the Permian Basin, oil output is set to rise by 64,000 bbl/d to 2.6 MMbbl/d. In the Eagle Ford, oil output is forecast to rise by 14,000 bbl/d to 1.39 MMbbl/d.
In North Dakota’s Bakken, oil production is expected to rise by 10,000 bbl/d to 1.05 MMbbl/d.
New-well oil production per rig was expected to slide by 10 bbl/d to 645 bbl/d in September.
U.S. natural gas production was projected to rise to 59.2 Bcf/d in September.
Output in Appalachia was set to rise by 0.35 Bcf/d to 24.6 Bcf/d in September. Meanwhile, Haynesville output was set to rise by 0.15 Bcf/d to 6.9 Bcf/d.
Recommended Reading
From Satellites to Regulators, Everyone is Snooping on Oil, Gas
2024-04-10 - From methane taxes to an environmental group’s satellite trained on oil and gas emissions, producers face intense scrutiny, even if the watchers aren’t necessarily interested in solving the problem.
Pitts: Producers Ponder Ramifications of Biden’s LNG Strategy
2024-03-13 - While existing offtake agreements have been spared by the Biden administration's LNG permitting pause, the ramifications fall on supplying the Asian market post-2030, many analysts argue.
Hirs: SEC’s Enhanced Climate-related Disclosures Are Unnecessary—Even According to SEC
2024-03-15 - The SEC’s rationale for enhanced climate-disclosure rules is weak and contradictory, says Ed Hirs.
Exclusive: Dan Romito Urges Methane Mitigation Game Plan
2024-04-08 - Dan Romito, the consulting partner at Pickering Energy Partners, says evading mitigation responsibility is "naive" as methane detection technology and regulation are focusing on oil and gas companies, in this Hart Energy Exclusive interview.
Hirs: LNG Plan is a Global Fail
2024-03-13 - Only by expanding U.S. LNG output can we provide the certainty that customers require to build new gas power plants, says Ed Hirs.