US to reduce shale oil, gas output in December
Baku, Azerbaijan, Nov.15
By Leman Zeynalova – Trend:
The shale oil output at the fields in largest US oil producing regions will decrease by 20,000 barrels per day to 4.498 million barrels per day in December as compared to November 2016, according to the Drilling Productivity Report of the US Energy Information Administration (EIA).
Currently, the oil production in the country in November is estimated at 4.518 million barrels per day.
The biggest decrease in output in December is expected in Eagle Ford region, Texas (33,000 barrels per day to 978,000 barrels per day). The production in Bakken region will drop by 14,000 barrels per day, to 918,000 barrels per day, while in Utica, it will decrease by 2,000 barrels per day to 52,000 barrels per day, said the report.
This is while the oil output in Niobrara is expected to increase by 2,000 barrels per day to 404,000 barrels per day in December. EIA expects the production to rise by 27,000 barrels per day to 2.065 million barrels per day at Permian fields.
Moreover, EIA expects the US to decrease the gas production by 94 million cubic feet to 46.951 billion cubic feet per day in December. Currently, the gas production in the country in November is estimated at 47.045 billion cubic feet per day.