15.04.2015 • NewsproductionshaleOil

US Shale Output Faces Receding Growth

© Calin Tatu - Fotolia.com
© Calin Tatu - Fotolia.com

Oil production from major US shale plays will decline by almost 60,000 barrels per day between April and May according to new estimates from the Energy Information Administration (EIA).

Production is expected to decline in the Bakken, Niobrara and Eagle Ford plays next month. Only the Permian Basin is expected to post a small month-on-month increase in output.

With the number of rigs drilling for oil in the United States down by almost 53% in just six months, according to oilfield services company Baker Hughes, the shale boom appears to be approaching a turning point.

The crude market remains substantially oversupplied as a result of past production, but the degree of excess supply should narrow in the coming months, analysts for the news agency Reuters say.

In Marcellus, the US market's biggest gas field encompassing reserves in the states of Pennsylvania and West Virginia, production was expected to rise only minimally in May

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Virtual Event

Digitalization in the Chemical Industry
CHEManager Spotlight

Digitalization in the Chemical Industry

Save the Date: October 22, 2025
The event will be promoted to a combined audience of over 100,000 professionals across Europe through the CHEManager and CITplus networks.