The Energy Information Administration (EIA) released its monthly Drilling Productivity Report today, complete with production projections through year-end 2014.

In review, the rig count of the four major oil basins (Bakken, Eagle Ford, Niobrara and Permian) increased by 113 from December 2013 to October 2014. The Permian accounted for a whopping 86 rigs, while the remaining three plays added a total of 27 rigs.

Although the Permian added more than 20 times the amount of rigs of Texas’ “other” basin, the Eagle Ford, it did not match up to ...

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