U.S. shale production is expected to rise for a 13th consecutive month to a new record in January, the U.S. Energy Information Administration (EIA) said Dec. 18.
January output is forecast to increase by 94,000 barrels per day (bbl/d) to 6.41 million bbl/d, according to the EIA's monthly drilling productivity report.
The higher growth expectation comes after the EIA said last week in its short-term monthly outlook that total oil production, including non-shale output, will grow by 780,000 bbl/d year-over-year to a record 10.02 million bbl/d in 2018.
In Texas' Eagle Ford Shale play, oil output is expected to rise by 4,100 bbl/d to 1.24 million bbl/d, the strongest level since May 2016. Meanwhile, output from North Dakota's Bakken play is set to rise by 9,300 bbl/d to 1.18 million bbl/d, the highest level since November 2015.
Permian production is forecast to rise by 68,000 bbl/d to 2.79 million bbl/d, a new record.
Meanwhile, U.S. natural gas production was projected to increase by 0.76 billion cubic feet per day (Bcf/d) to a record 63 Bcf/d in January. That would be the 10th consecutive monthly rise.
The largest increases were forecast in the Appalachia region, which includes the Marcellus and Utica shale formations, and the Permian.
Output in Appalachia was set to rise by 0.35 Bcf/d to 26.4 Bcf/d, the 10th consecutive rise. In the Permian, output is projected to rise by 0.19 Bcf/d to 9.6 Bcf/d, its 12th consecutive rise.
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