The newest evidence oil and gas production is slowing across the U.S. came Tuesday from the Energy Information Administration.
Crude oil production from the U.S.’s seven most productive basins/plays is projected to inch up from January to February at the slowest rate in roughly a year, according to EIA’s January Drilling Productivity Report (DPR), Kallanish Energy reports.
The total increase in crude production is expected to reach just 22,000 barrels per day, with three of the seven basins/plays expected to record a drop in production, while two regions will remain flat from January to February. Total production will reach 9.2 million barrels per day (Mmbpd), from 9.18 Mmbpd. (All numbers are rounded.)
US crude production inches up in latest DPR
|Anadarko||551,000 barrels per day||535,000 barrels per day||(16,000 barrels per day)|
|Appalachia||166 Bpd||166,000 Bpd||No change|
|Bakken||1.52 million barrels per day||1.53 million barrels per day||5,000 Bpd|
|Eagle Ford||1.38 Mmbpd||1.37 Mmbpd||(7,000 Bpd)|
|Haynesville||40,000 Bpd||40,000 Bpd||No change|
|Niobrara||766,000 Bpd||761,000 Bpd||(5,000 Bpd)|
|Permian||4.76 Mmbpd||4.80 Mmbpd||45,000 Bpd|
|TOTAL||9.18 Mmbpd||9.20 Mmbpd||22,000 Bpd|
(Source: Energy Information Administration’s Drilling Productiviity Report)
The Permian Basin is expected to see crude production increase by 45,000 Bpd, to 4.80 million barrels per day (Mmbpd), from 4.76 Mmbpd in January, the DPR projects.
Only the Bakken is expected to see production growth from the current month to next month, the DPR forecasts. Production will increase by 5,000 Bpd, to 1.53 Mmbpd, from 1.52 Mmbpd.
The Anadarko, Eagle Ford and Niobrara are projected to see crude production drop from January to February, by 16,000 Bpd, 7,000 Bpd and 5,000 Bpd, respectively. The Anadarko’s production will drop to 535,000 Bpd, while the Eagle Ford’s will fall to 1.37 Mmbpd, and the Niobrara’s production will drop to 761,000 Bpd.
Appalachia, which includes the Marcellus and Utica Shale plays, and the Haynesville Shale will see no production change from January to February, holding at 166,000 Bpd and 40,000 Bpd, respectively.
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