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According to Dow Jones on July 16, oil production in major shale oil producing regions in the United States, led by the oil-rich Permian basin of West Texas and New Mexico, is expected to continue to increase next month, although some believe pipeline bottlenecks will slow the growth of
oil production.
Oil production in seven major U.
S.
shale oil producing regions will reach a record 7.
5 million b/d in August, up 143,000 b/d
from the month, the Energy Information Administration (EIA) reported monthly drilling productivity.
But the report also showed that the number of drilled but unfinished wells in major U.
S.
shale oil producing areas rose by 193 to 7,943 in June, the largest monthly increase this year
.
That could mean companies are still drilling wells, but are increasingly delaying the actual extraction of
oil.
According to Dow Jones on July 16, oil production in major shale oil producing regions in the United States, led by the oil-rich Permian basin of West Texas and New Mexico, is expected to continue to increase next month, although some believe pipeline bottlenecks will slow the growth of
oil production.
Oil production in seven major U.
S.
shale oil producing regions will reach a record 7.
5 million b/d in August, up 143,000 b/d
from the month, the Energy Information Administration (EIA) reported monthly drilling productivity.
But the report also showed that the number of drilled but unfinished wells in major U.
S.
shale oil producing areas rose by 193 to 7,943 in June, the largest monthly increase this year
.
That could mean companies are still drilling wells, but are increasingly delaying the actual extraction of
oil.
