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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
.
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
.