Link here. Data points from EIA's most recent "drilling productivity report":
- there are seven key shale regions in the US
- US shale expected to increase production by 80,000 bopd in April
- US shale will hit a record 8.46 million bopd in May
- the Permian will account for half of that monthly gain
- will see production jump by 42,000 bopd
- this would be a record high of 4.136 million bopd in May
- this would place the Permian in the #3 spot in the world, behind Saudi Arabia (9.79 milion bopd) and Iraq (4.52 million bopd)
- next milestone for the Permian: to become #2 in the world
- the Niobrara: would add 22,000 bopd, to 764,000 bopd in May; second largest growth after the one in the Permian
- other regions to see increased production: the Bakken, the Eagle Ford, and the Appalachia region
- Anadarko: may slip a bit next month (May)
- total US crude oil production:
- February, 2019: 11.8 million bopd
- March, 2019: 12.1 million bopd
- 2019 average: 12.4 million bopd
- 2020 average: 13.2 million bopd
Reminder:
EIA dashboards:
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