echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > U.S. shale oil production in June will increase for the first time in three months

    U.S. shale oil production in June will increase for the first time in three months

    • Last Update: 2021-07-20
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Foreign news on May 17th, the U.
    S.
    Energy Information Administration (EIA) said in its monthly estimate report on Monday that the shale oil production of the seven major shale blocks in the United States in June is expected to climb 26,000 barrels per day, within three months.
    Increased for the first time
    .


    The largest increase is expected to come from the Permian Basin, where production is expected to increase by 54,000 barrels per day to approximately 4.
    59 million barrels per day, the highest level since March 2020
    .


    Other major blocks, including the Beacon block in North Dakota and Montana, and the Eagle Beach block in southern Texas, are expected to decline in shale oil production
    .


    In the Beacon block, shale oil production is expected to decline by about 7,000 barrels per day to 1.
    1 million barrels per day, the lowest since July 2020
    .


    With the rebound in oil prices this year, drilling activities by US energy companies have increased, but drilling activities outside the Permian Basin have been limited because investors have put pressure on companies to control spending and increase shareholder returns
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Related Articles

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.