United States Oil Production is Expected to Rise in Large Oil and Gas Regions of the Country in March
Oil production in the main oil and gas producing regions of the United States, in which a significant part of the production is shale oil, will rise in March compared to the current month by 75 thousand barrels per day, or 0.8%, to 9.357 million barrels, the Energy Information Administration predicts (EIA) Ministry of Energy of the country.
Including production in the Permian basin will rise by 30 thousand, up to 5.682 million barrels per day, at Bakken – by 21 thousand, up to 1.199 million, at Anadarko – by 12 thousand, up to 445 thousand barrels per day. At the Niobrara field, production will increase by 5,000 barrels to 674,000 barrels per day.
Eagle Ford is expected to grow by 4,000 barrels to 1.18 million barrels, while Appalachia is expected to grow by 3,000 to 140,000 barrels per day. At the Haynesville field, production will not change and will amount to 37,000 barrels per day, the release says.
The EIA also expects a total increase in gas production from all these fields by 426 million cubic feet in March, to 96.591 billion cubic feet per day.
According to EIA data, the total number of wells in progress in the US area under consideration in January increased by 42 compared to December, to 4,671.
Incomplete wells (drilled but uncompleted wells, DUC) – drilled, but not yet equipped for production. A large DUC reserve could allow US producers to quickly and massively ramp up production as oil prices rise, regardless of the pace of drilling activity.
