New Mexico shale will be contributing an additional 125,000 barrels per day (bpd) of crude oil in May, bringing the total to 6.996 million bpd, according to a report from the Energy Information Administration. The largest growth will be in the Permian basin, an area covering parts of Western Texas and southeastern US. The region is expected to add 73,000 bpd.
US shale will be contributing an additional 125,000 barrels per day (bpd) of crude oil in May, bringing the total to 6.996 million bpd, according to a report from the Energy Information Administration. The largest growth will be in the Permian basin, an area covering parts of Western Texas and southeastern New Mexico. The region is expected to add 73,000 bpd.