Markets

U.S. shale output set to rise in February as prices rise

NEW YORK: U.

Published January 17, 2017 Updated January 17, 2017 08:41pm

1 min

By Fawad Maqsood

Add BRecorder as a trusted
source on Google

NEW YORK: U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18-month highs, according to data from the U.S. Energy Information Administration on Tuesday.

Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million bpd, according to the EIA's drilling productivity report.

North Dakota's Bakken oil production was set to drop by 20,000 bpd to 978,000 bpd. Eagle Ford oil output from Texas was set to drop by 3,000 bpd to 1.042 million bpd.

Read Comments