Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » U.S. shale oil output to rise to highest since April 2020

    U.S. shale oil output to rise to highest since April 2020

    August 18, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp
    *US shale production

    New York — U.S. shale oil output is expected to rise to 8.1 million barrels per day (bpd) in September, the highest since April 2020, according to the Energy Information Administration’s monthly drilling productivity report on Monday.

    The forecast is led by growth in the largest formation, the Permian Basin, where crude output is estimated to rise 49,000 bpd in the month, offsetting falling output expected from the Bakken and other top regions.

    Production in the Permian is expected to reach 4.8 million bpd in September, the highest since March 2020.

    In contrast, output in the Eagle Ford in South Texas is expected to slide by 5,000 bpd to 1.05 million bpd while the Bakken basin of North Dakota and Montana is expected to see a decline of about 1,000 bpd to 1.14 million bpd.

    As oil prices recovered from the lows seen last year, U.S. energy firms have ramped up some drilling activity.

    U.S. oil rigs rose 10 to 397 last week, their highest since April 2020, and up from 172 a year ago, Baker Hughes data showed. [RIG/U]

    Enverus, a provider of energy data with its own closely watched rig count, said the number of active rigs increased by eight to 575 in the week to Aug. 11 with most of the increases in Appalachia and the Permian.

    Total gas output will increase by 0.16 billion cubic feet per day (bcfd) to 86.1 bcfd in September, the EIA said.

    Gas output in Appalachia, the biggest shale gas basin, was expected to increase by less than 0.1 bcfd to 34.4 bcfd in September. That compares with a monthly record of 35.6 bcfd in December 2020.

    Gas output in the Haynesville in Texas, Louisiana and Arkansas was expected to increase by over 0.1 bcfd to 13.5 bcfd in September.

    • Reuters (Reporting by Devika Krishna Kumar and David Gaffen in New York; editing by Jonathan Oatis and Barbara Lewis)
    • Follow us on twitter

    Related News

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    Heirs Energies, Renaissance Africa Energy collaborate to drive Nigeria’s oil & gas development

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    June 29, 2025

    Tariff crisis stalls Nigeria’s gas-to-power expansion

    June 29, 2025

    Oyetola, NIMASA pledge zero tolerance for harassment at sea 

    June 29, 2025

    NCDMB commends Heritage Energy on NOGICD Act implementation, reiterates commitment to HCD

    June 29, 2025

    BPSR applauds NIMASA for championing public service reforms

    June 29, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.