U.S. Shale Output Nears 9 Million Bpd

Crude oil production from the seven major shale plays in the United States could hit 8.971 million bpd next month, growing by 58,000 barrels per day, the Energy Information Administration said in its latest Drilling Productivity Report. Not surprisingly, the bulk of the increase will come from the Permian, where the EIA expects production to jump by 63,000 bpd in November. However, production in the Eagle Ford and the Anadarko play will decline by 12,000 bpd and 13,000 bpd, respectively, offsetting some of the gains. The Permian will this month…