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EIA sees oil, gas production surge through November in Permian, Bakken

No pipelines? More flaring? No problem. Despite the infrastructure-related obstacles now facing the Permian Basin, the play will continue to grow at a breakneck pace through November, according to the latest assessment from the U.S. Energy Information Administration.

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In its latest Drilling Productivity Report, the EIA projected the Permian, centered in West Texas and stretching into New Mexico, to break the 3.5 million-barrel-per-day oil production barrier and exceed 12 Bcf/d of natural gas in November.

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If the EIA's projections are correct, the Permian will have increased its production by more than 700,000 bbl/d over the past 11 months. In January, the Permian produced approximately 2.8 MMbbl/d. Largely related gas production would have increased by nearly 3 Bcf/d during the same time period, from 9.14 Bcf/d to 12.13 Bcf/d.

The Bakken Shale, which has benefited from the lack of pipeline capacity in the Permian, is also projected to reach record production levels. The EIA said it expects the Bakken in the northern Plains to exceed production of 1.3 MMbbl/d in November for the first time, which would mean an increase of nearly 170,000 bbl/d since January.

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EIA projections also show Eagle Ford Shale production totals reaching levels not seen since early 2016. The EIA said oil production in November in the South Texas play should reach approximately 1.4 MMbbl/d, the highest production total since January 2016. Gas production, expected to reach 7.2 Bcf/d, would be at its highest level since December 2015.

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Gas production in the Haynesville Shale is nowhere near record levels but has shown signs of a major resurgence. The EIA projected that the play in East Texas and Louisiana will produce more than 9.7 Bcf/d of natural gas in November, an increase of more than 2 Bcf/d since the start of the year and its highest level since July 2012.

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While gas production in the Haynesville is making a rebound, Appalachia continues to dwarf the rest of the nation in that category. The EIA anticipated the region producing nearly 29.8 Bcf/d of natural gas in November, an increase of more than 3.2 Bcf/d since January.