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EIA: Onshore shale output to hit new record

September crude production forecast to reach record 8.77 million bpd

Oil production in seven major onshore shale formations is expected to grow by 85,000 barrels per day in September, according to a monthly report from the US Energy Information Administration.

Overall crude output is set to increase to 8.77 million bpd in September, a new production record. The EIA anticipates the largest growth from the prolific Permian basin of west Texas and south-east New Mexico which will climb by 75,000 bpd to a record 4.4 million bpd.

Some Permian players have recently cut the number of operating rigs for the second half of the year as investors continue pushing for more free cash flow.

The Niobrara formation in the Rockies is also set to rise by 12,000 bpd in September to 758,000 bpd, while the Appalachia basin in the eastern US will add about 4000 bpd for 146,000 bpd.

EIA: Crude output continues to grow

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The south Texas Eagle Ford shale play, however, is forecast to drop production by about 6000 bpd to 1.38 million bpd, while the Anadarko basin in the state of Oklahoma is also expected to fall by 3000 bpd to 579,000 bpd.

The EIA predicts natural gas output will rise by 729 million cubic feet per day to total 81.6 billion cubic feet per day, with the Appalachia basin contributing the most production at 367 million cfd. The basin in August produced about 32.6 billion cfd.

The Permian will add about 240 million cfd, as the play is expected to total 14.86 billion cfd in September.

Wells that are drilled but uncompleted fell throughout the major plays with the exception of the Permian, where the count rose by nine to 3999 in July. Overall, DUCs have dropped by 100 to 8108 in total for July.

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