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Last updateMon, 15 Oct 2018 3pm

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EIA Expects Oil, Gas Output to Increase in April

“U.S. shale oil production in April was set for its biggest monthly increase since October as output in the Permian Basin, America's fastest growing shale oil region, was expected to hit another record high, government data showed on Monday,” Reuters reports.

According to the U.S. Energy Information Administration's (EIA) drilling productivity report, “Oil production in the Permian Basin in Texas and New Mexico, the largest U.S. shale oil field, was set to rise 79,000 bpd to 2.29 million bpd, the highest level on records dating back to 2007.” 

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