US Shale Oil Production Expected to Record 8.1 M (b/d), Highest Since May 2020

US Shale Oil Production Expected to Record 8.1 M (b/d), Highest Since May 2020

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.

Sarah Samir 2538 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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