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Saturday, April 20, 2019

"Red Hot Permian Set To Jolt US Shale Output To New Reocrd" -- EIA -- Oilprice -- April 20, 2019

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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