US shale output seen rising to record 7.34 million bpd in July

US crude production from major shale formations is expected to rise 141,000 barrels per day (bpd) in July from the previous month to a record 7.34 million bpd, the US Energy Information Administration (EIA) said in a monthly productivity report on Monday.
Output from the Permian, the largest US oil patch, is expected to surge 73,000 bpd to a new high of 3.35 million bpd in July, the data showed. Production increases in the Permian have led the surge in US crude production but have recently run into infrastructure constraints. Pipelines to the Gulf Coast from the basin, spanning West Texas and eastern New Mexico, have filled to capacity.
Oil production from Anadarko region in Oklahoma and North Texas is expected to rise by 10,000 bpd to a record 549,000 bpd while Bakken production is expected to jump 19,000 bpd to an all-time high of 1.29 million bpd.
Other regions forecast to see increases include the Eagle Ford, where production is expected to rise by 32,000 bpd to 1.40 million bpd, the highest since January 2016.