US shale oil and gas output to extend fall in September -EIA

US shale oil and gas output to extend fall in September -EIA
# 15 August 2023 10:40 (UTC +04:00)

Oil and natural gas output from top U.S. shale-producing regions is set to fall in September for the second straight month to the lowest levels since May, Energy Information Administration data showed on Monday, APA reports citing Reuters.

Shale oil output is expected to fall to 9.41 million barrels per day (bpd) in September, EIA data showed. It had touched 9.45 million bpd in July, its highest on record.

Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to fall by nearly 13,000 bpd to 5.8 million bpd, the lowest since February.

Crude oil production in the South Texas Eagle Ford region is due to fall by 11,000 bpd to 1.11 million bpd, the lowest since December.

However, production in the Bakken region of North Dakota and Montana is due to rise 3,600 bpd to 1.21 million bpd, the highest since November 2020.

Total natural gas output in the big shale basins will also fall for a second month in a row, by about 0.15 billion cubic feet per day (bcfd), to 98.3 bcfd in September, its lowest since May, the EIA projected. That compares with a monthly gas output record of 98.5 bcfd in July.

In the biggest shale gas basin, Appalachia in Pennsylvania, Ohio and West Virginia, output will fall to 35.75 bcfd in September, the lowest since May, the EIA said.

Gas output in the Permian will rise to record high of 23.67 bcfd in September, while that from the Haynesville in Texas, Louisiana and Arkansas will edge down to 16.3 bcfd.

The EIA said it expects new Appalachia gas well production per rig to climb to 23.78 million cubic feet per day (mmcfd) in September, the highest since May. New gas well production per rig in Appalachia hit a record of 33.3 mmcfd in March 2021.

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