U.S. forecasts shale oil production growth in April

U.S. forecasts shale oil production growth in April

The growth of shale oil production in the USA in April 2022 compared to March will be 117 thousand barrels – up to 8.708 million barrels per day. This is stated in the report of the Energy Information Administration (EIA) of the US Department of Energy.

Actual shale oil production in March was 8.591 million bpd lower than the 8.707 million bpd estimate expected by the agency in its previous forecast.

Five of the seven tight oil producing regions are expected to see an increase in recovery, the report said. The biggest increase is expected in Perm Basin, where average daily production of shale oil in April is expected to rise by 70 thousand barrels up to 5.208 million barrels per day. In addition, production is expected to rise by 23,000 barrels to 1.146 million bpd in the Eagle Ford formation.

In the Bakken formation production growth will be 16 thousand barrels to 1.188 million bpd. The Anadarko formation will see an increase of 6 kbpd to 405 kbpd from March and the Appalachian formation will see an increase of 2 kbpd to 115 kbpd.

In the Haynesville and Niobrara formations, the DOE expects to remain flat at 33,000 bpd and 613,000 bpd, respectively.

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