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