Oil output in Permian to rise to record high in September -EIA

Aug 15, 2022

Stephanie Kelly, Reuters | August 15th, 2022NEW YORK, Aug 15 (Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd in September, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday.

Total output in the major U.S. shale oil basins will rise 141,000 bpd to 9.049 million bpd in September, the highest since March 2020, the statistical arm of the Department of Energy projected.

In the Bakken in North Dakota and Montana, the EIA forecast oil output will rise 21,000 bpd to 1.157 million bpd in September, the most since November 2021.

In the Eagle Ford in South Texas, output will rise 26,000 bpd to 1.230 million bpd in September, its highest since April 2020.

Total natural gas output in the big shale basins will increase 0.673 billion cubic feet per day (bcfd) to a record 93.835 bcfd in September, the EIA forecast.

In the biggest shale gas basin in Appalachia, Pennsylvania, Ohio and West Virginia, output will rise to 35.486 bcfd in September, the highest since hitting a record near 36.0 bcfd in December 2021.

Gas output in the Permian and the Haynesville in Texas, Louisiana and Arkansas will also rise to record highs of 20.584 bcfd and 15.835 bcfd in September, respectively.