trending Market Intelligence /marketintelligence/en/news-insights/trending/881jplQQf-LxDWnQOZXGFw2 content esgSubNav
In This List

Steady US shale production growth continues to break records

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?

Blog

ESG & Technology: Impacts and Implications


Steady US shale production growth continues to break records

Shale oil production in the United States has exceeded 9 million barrels of oil per day and is projected to continue growing, the U.S. Energy Information Administration said in its monthly Drilling Productivity Report released Dec. 16.

SNL Image

The report, which covers unconventional oil and gas plays across the country, included revised production averages of 9.05 million barrels per day of oil production and 85.23 Bcf/d of natural gas production for November. The EIA anticipates growth will continue through December, with projected averages of 9.11 million bbl/d and 85.52 Bcf/d, respectively.

SNL Image

The Permian Basin continues to easily pace U.S. shale plays when it comes to oil production, with the EIA projecting production of 4.69 million bbl/d for December and 4.74 million bbl/d for January 2020. Natural gas production, largely associated gas from oil drilling, could surpass 17 Bcf/d in January.

SNL Image

The dry gas Haynesville Shale continues to plow through the record books, with the EIA projecting production of 11.96 Bcf/d in December and 12.08 Bcf/d in January 2020. If the projections for January are accurate, it will be the first time the play has surpassed the 12-Bcf/d production plateau.

SNL Image

The EIA is projecting slow growth for December and January for the Bakken Shale. The federal agency predicts oil production of slightly more than 1.52 million bbl/d in December, increasing by just 3,000 bbl/d in January. Natural gas production of 3.11 Bcf/d for December is anticipated to increase to 3.12 Bcf/d in January.

SNL Image

Appalachia continues to dominate all unconventional plays when it comes to gas production, but the EIA is projecting a slight slowdown from December to January. The agency is predicting production of 33.51 Bcf/d in December, falling to 33.43 Bcf/d in January.

Two unconventional plays, the Eagle Ford Shale and Anadarko Basin, are continuing a multimonth downturn in production. The EIA anticipates oil production in the Eagle Ford to fall to less than 1.36 million bbl/d in January 2020, a decrease of nearly 40,000 bbl/d from July. In the Anadarko, gas production is expected to fall to 7.5 Bcf/d in January 2020, down from 7.66 Bcf/d in December and 7.75 Bcf/d in January.