US Energy Information Administration (EIA) has projected country’s shale oil production to reach 8.1 million barrels per day (b/d) in September 2021, recording the highest production levels since May 2020; Reuters reported.
The output is expected to rise owing to the growth in the US largest shale formation, the Permian Basin, where crude oil production is estimated to increase 49,000 b/d in September.
The basin’s production is also anticipated to balance the expected falling output from the Bakken and other regions.
Production from the Permian basin is seen to reach 4.8 million b/d in September, which is the basin’s highest since March 2020.