Shale oil production in the United States in October will grow to 8.14 million barrels per day

The increase in extraction volumes is expected in four of the seven oil-bearing areas where the production of hard-to-recover oil is concentrated, the U.S. Department of Energy noted.


The growth of shale oil production in the United States in October compared to September will be 66 thousand barrels – up to 8,135 million barrels per day. This is stated in the report of the Energy Information Administration of the U.S. Department of Energy.


The actual production of shale oil in September was slightly lower than the values expected by the agency in the previous forecast. It amounted to 8.067 million b/d against the estimate of 8.086 million b/d.


The report notes that the increase in extraction volumes is expected in four of the seven oil-bearing areas where the production of hard-to-recover oil is concentrated. The largest increase is predicted in the Permian basin, where the average daily production of shale oil in October should increase by 53 thousand barrels – up to 4.83 million b/d. In addition, an increase in production by 9 thousand barrels is also expected in the Nayobrar formation, up to 585 thousand b/d. In the Appalachian formation, production is expected to increase by 1 thousand barrels, to 126 thousand b/d, and in the Bakken formation – by 5 thousand barrels, to 1.14 million b/d.


A decrease in production compared to the actual September data is expected only in one oil-bearing area. In the Anadarko formation, production in October may fall by 2 thousand barrels, to 367 thousand b/d.

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Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
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