EIA sees year-end shale output surge

Shale10 December 2013, News Wires – The US Energy Information Administration expects shale production to add at least 64,000 barrels of oil per day to US output as the country rings in 2014.

North Dakota’s Bakken play is expected to hit the 1 million bpd mark in December, making it the third US shale to pass the production milestone. The area is expected to add another 29,000 bpd by the end of January for a total of 1.02 million bpd.

The Eagle Ford in Texas is expected to add 25,000 bpd between December and January for a total of 1.25 million bpd by the end of that month.

All told, US unconventional production from six key basins is expected at 3.99 million bpd and 36.9 billion cubic feet of natural gas per day by the end of January, the EIA said.

The basins represent 90% of all shale and tight oil and gas production in the US: In addition to the Bakken and Eagle Ford, the other giants are the Permian of Texas, Marcellus of Pennsylvania and West Virginia, Haynesville of Louisiana and and Niobrara in Colorado and Wyoming.

Increases in gas production are seen for most regions, with the Marcellus expected to kick out an additional 418 Mcfpd by the end of January for total production of 13.7 Bcfpd.

The Bakken is expected to add 27 Mcfpd for 1.11 Bcfpd, while the Eagle Ford is seen increasing by 107 Mcfpd for a rate of 6.08 Bcfpd.

Production in the Permian, at 1.33 million bpd and 5.04 Bcfpd, is expected to stay flat.

Output in the gas-rich Haynesville shale is expected to drop by 131 Mcfpd to 6.36 Bcfpd and the Niobrara by 34 Mcfpd for 4.6 Bcfpd.

– Upstream

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