US Shale Production on Track to Hit Almost 9 MM Bpd

Oil production from the seven heavy-hitting U.S. shale plays could reach 8.971 million barrels per day in November, (a month on month increase of 58,000 bpd), according to the Energy Information Administration’s latest Drilling Productivity Report.

Most of the production jump will be thanks to the Permian Basin, which is expected to see a production bump of 63,000 bpd next month. In October the Permian is on track to produce about 4.547 million bpd of crude, quite a bit more than the other six plays.

The second and third largest contributors to the increase are the Bakken and Eagle Ford plays. However, month on month production in the Eagle Ford and the Anadarko plays is expected to dip by 12,000 bpd and 13,000 bpd, respectively, eating into the anticipated production growth.

Meanwhile, the agency indicated that the number of drilled but uncompleted (DUC) wells has been dropping across all the key U.S. shale plays. The change from August to September reflected a decline from 7,946 to 7,740, or 206 DUCs. In its Sept. 19 report, the EIA stated that in the oil regions, the estimated DUC count increased during 2017–19, but it peaked in May 2019. However, the DUC count in the gas regions has generally declined since December 2013.

These fluctuating numbers have fueled views that the shale boom may be heading into a forced wind-down. During the first half of this year several shale producers in North America reported dialing back growth projections as they faced a growing number of complex problems that were killing returns and discouraging investors.


Recent Posts

See All



(469) 518-0099

6136 Frisco Square, Suite 370,  Frisco, Texas 75034

Our Sofi Exploration Team thanks you for the time and effort in evaluating our partnerships. For any further information, please feel free to call Jennifer Medina at (469) 518-0099
Sofi Exploration | This content is provided for informational purposes only. Information on this website is not intended to be a solicitation of any kind. Nothing herein shall be construed as tax, legal or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. Potential investors should consult their attorney, accountant and financial advisers before investing in oil and gas. Past performance is not a guarantee of future performance or returns.
Copyright © Sofi. All rights reserved.
  • Insta-web-ready
  • facebook icon-01
  • Manta-01
  • linked in-01