U.S. oil and gas production on decline

[dan_s]

In its January Drilling Productivity Report, the EIA expects oil production from the major U.S. shale regions to decline by 116,000 barrels per day in February, the same drop off that it projected for January. The losses will come largely from the Eagle Ford, which is expected to lose 72,000 barrels per day. The Marcellus Shale, the largest source of shale gas production, is also projected to see a decline of natural gas production by 225 million cubic feet per day.