If current growth rates hold, the Eagle Ford and Permian will be producing as much oil as the entire U.S. in 2008 within two months
The EIA released new data and it now estimates production growth will slow slightly from July to August, but will remain highly robust. In total, the major shale basins are expected to add 320.7 MBOEPD in the coming month, pushing total shale output to a record 19,225 MBOEPD.

The Permian is predicted to add 73 MBOPD and 234 MMcf/d of production this month, giving it the largest growth among U.S. shale basins on...

Legal Notice