Shales are Closing – Everyone is Moving to the Shelf
Oil production from mainland US fields is declining, the EIA reports, although recently their data showed record levels of oil production across the country.
The United States is losing production from mainland fields, writes Reuters with a link to data from the Energy Information Administration (EIA) of the US Department of Energy. It is unknown how reliable this information is; it was previously reported that the production of black gold in the United States had increased to a record 13.2 million barrels per day.
This process will accelerate in late autumn, which, according to management, indicates that oil producers are gradually moving from shale deposits to offshore ones.
The EIA expects the decline in oil production to gain momentum in each month from September to November, when total crude oil production from the seven largest U.S. shale fields will fall to 9.6 million bpd. The Permian Basin is among the leaders on this list.
However, this stuffing can be considered as a rocking deal for ExxonMobil’s takeover of the largest player in the Permian Basin, Pioneer Natural Resources, for $60 billion.
