U.S. Shale production in the seven most prolific shale basins is set to increase 143,000 bpd in July to 8.91 million bpd, according to the Energy Information Administration’s latest Drilling Productivity Report published on Monday. It would be the largest monthly production increase since March 2020, according to EIA data. The largest jump is expected to come from the Permian basin, increasing by 84,000 bpd from an estimated 5.232 million bpd in June 2022 to 5.316 million bpd next month. The EIA has forecast that the second largest gainer…
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