U.S. shale drillers should pump another 131,000 barrels a day from six major plays this month, with the bulk of that coming from Texas’ Permian Basin and Eagle Ford Shale, the Energy Department said Monday.
The Energy Information Administration projected that West Texas oil producers in the Permian will flow an additional 80,000 barrels a day by April, and in the Eagle Ford in South Texas, they’ll pump another 23,000 barrels a day.
That’ll bring output in the Permian, which stretches across West Texas and eastern New Mexico, to 3.16 million barrels a day. Production there crossed the 3 million barrel-a-day mark last month.
In the Eagle Ford, production will climb [read more]