Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 78,000 barrels per day (bpd) to a record 5.445 million bpd in August, the U.S. Energy Information Administration (EIA) said in its productivity report.
Total output in the major U.S. shale oil basins will rise 136,000 bpd to 9.068 million bpd in August, the highest since March 2020, EIA projected.
In the Bakken in North Dakota and Montana, EIA projected oil output will rise 19,000 bpd to 1.192 million bpd in August, the most since December 2020.
In the Eagle Ford in South Texas, output will rise 25,000 bpd to 1.205 million bpd in August, the highest since April 2020.
Total natural gas output in the big shale basins will increase 0.7 billion cubic feet per day (bcfd) to a record 93.0 bcfd in August, EIA forecast.