Crude-oil production from seven major U.S. shale plays is forecast to climb by nearly 63,000 barrels a day in February, according to a report from the EIA released Tuesday.
U.S. oil output from seven major shale formations is expected to rise by nearly 63,000 barrels per day (bbl/d) in February to a record 8.179 million bbl/d, the U.S. Energy Information Administration (EIA) said in a monthly report on Jan. 22. The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 23,000 bbl/d to a record of about 3.85 million bbl/d in February.