US oil drilling grinds to a halt at key shale hotspots ...United Arab Emirates

With drilling grinding to a halt, output has slumped as “legacy” production declines take hold in some of the US' largest shale basins. Oil and gas production in the United States has peaked and is already in decline. The latest data from the EIA’s Drilling Productivity Report sees widespread production declines across all major shale basins in the country. The Permian is set to lose 76,000 bpd between April and May, with declines also evident in the Eagle Ford (-35,000 bpd), the Bakken (-28,000 bpd), the Anadarko (-21,000 bpd) and the Niobrara (-20,000 bpd). Natural gas production is also in decline, a reality that occurred prior to

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Last updated : 15 April 2020 clock 02:50 PM

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US oil drilling grinds to a halt at key shale hotspots ...United Arab Emirates

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