trending Market Intelligence /marketintelligence/en/news-insights/trending/aMOiJK_3ZZfMVUhlyOQVfQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

What slowdown? EIA projects shale production to surpass 9 million bbl/d

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

What slowdown? EIA projects shale production to surpass 9 million bbl/d

Oil and gas producers may be cutting back on their growth targets, but the U.S. Energy Information Administration is projecting shale oil production will come close to eclipsing 9 million barrels per day in November.

SNL Image

In its monthly drilling productivity report, the EIA predicted that oil production from unconventional plays will reach 8.97 million bbl/d in November, an increase of 850,000 bbl/d from 12 months earlier. The EIA also projects natural gas production will exceed 84 Bcf/d in November, with well over one-third of that amount coming from Appalachia.

SNL Image

The report indicates continued production growth in the Permian Basin, with the EIA expecting oil production to exceed 6.4 million bbl/d for the first time ever in November. Natural gas production, largely associated gas from oil production, could surpass 16 Bcf/d a day in the Permian for the first time.

SNL Image

Other regions, however, are showing clear signs of a slowdown. The EIA is projecting oil production of less than 541,000 bbl/d and gas production of 7.34 Bcf/d in the Anadarko Basin in November, which would signify a multimonth decline. In April, the region reached production levels of more than 586,000 bbl/d and 7.7 Bcf/d, but has seen the numbers drop at an increasing rate over the past couple of months.

SNL Image

The EIA is projecting a slower, but still noticeable, decline in production in the Eagle Ford Shale to continue through November. After hovering around 1.39 million bbl/d of oil production from June to August, the EIA is projecting production of closer to 1.37 million bbl/d in November. Gas production, which reached 6.92 Bcf/d in August, is expected to slip to closer to 6.85 Bcf/d in November.

SNL Image

On the other end of the spectrum, the Haynesville Shale continues its renaissance from a forgotten play to a gas giant. The EIA projects the Haynesville to exceed production of 11.8 Bcf/d for the first time in November, as the play continues to benefit from more cost-efficient drilling and proximity to LNG facilities on the Gulf Coast.

SNL Image

The combination of gas production from the Permian and the Haynesville still does not reach that of Appalachia, where production growth continues with no slowdown in sight. The EIA expects the region will surpass the 33 Bcf/d production plateau in October, and continue to rise to nearly 33.3 Bcf/d in November.