The crazy Permania, which had oil and gas companies rushing to O & G's hotspot, may be at the outlet, but industry's number one industry is not, according to the US Energy Information Performance Report Monday
Oil production in the Permian basin will reach a new record next month, the EIA said, with 55,000 barrels a day expected to increase monthly to 4,226 million barrels per day. The pools of Niobrara and Baken also increase in July by 10,000 and 11,000 barrels per day. Perm represents almost half the production of the first seven pools and is almost three times more popular than the next richest pool, The Bakken.
For the seven major pools that EIA tracks in its monthly drilling performance report, July's production will grow by 70,000 months in the month, reaching 8,520 million barrels per day ̵
This shale oil production helped the United States to become the world's largest crude oil producer with 12.6 million barrels. from the first week of June, even before the titans of the oil industry – Russia, whose output reached 10.87 million barrels a day that week; and Saudi Arabia, whose production reached 9.690 million barrels per day, according to OPEC's latest official announcement.
While oil production continued to rise, the number of DUC declined in May from 8,360 in April to 8,283 in May. Gas production in the seven most fruitful shale toys is also expected to grow in July from 80,564 million cubic feet per day in June to 81,362 million cubic feet per day in July.
Julian Geiger for Oilprice.com
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