EIA: US shale output seen increasing by 80,000 bpd in December - Reuters

Eren Sengezer FXStreet

According to the U.S. Energy Information Administration's Rig Productivity Report, the U.S. shale production for December is expected to rise by 80,000 barrels per day (bpd) to 6.17 million bpd, as reported by Reuters.

U.S. bakken oil production for December seen up 5,600 bpd at 1.107 mln bpd (vs 6,200 bpd rise in nov).

U.S. Eagle Ford oil production for December seen up 200 bpd at 1.222 mln bpd (vs 3,100 bpd rise in nov).

U.S. Permian Basin oil production for December seen up 58,000 bpd at 2.686 mln bpd (vs 60,000 bpd rise in nov).

New well oil production per rig at: 1,276 bpd for Bakken (vs 1,253 bpd month ago); 586 bpd for Permian (vs 582 bpd month ago); 1,124 bpd for Eagle Ford (vs 1,090 bpd month ago).

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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