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).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.