The Strategist
The Strategist

EIA forecasts oil production growth in major US oil and gas areas



01/19/2022 - 08:06



Oil production in the main US oil and gas producing areas, a large part of which is shale oil, will rise by 104,000 barrels per day, or 1.2%, to 8.54 million barrels in February compared with the current month, the Energy Information Administration (EIA) of the country's Energy Department forecasts.



Tim Evanson
Tim Evanson
This includes production in the Permian Basin to increase by 80,000 barrels to 5.076 million barrels per day, Eagle Ford to increase by 12,000 to 1.116 million, and Bakken to increase by 8,000 to 1.192 million.

At Anadarko and Appalachia it will increase by 2 thousand each, to 391 thousand and 117 thousand barrels per day, respectively. In Niobrara and Haynesville fields production is not going to change and remains at 615k and 33kbpd.

Also, EIA is expecting a total increase of 387 million cubic feet of gas production in February for all of these fields, to 90.215 billion cubic feet per day.

According to the EIA, the total number of uncompleted wells in the US area fell by 214 in December 2021 compared to November, to 4,616.

source: cnbc.com