Energy Prospectus

U.S. shale oil production for September which includes a new regional data input, is forecast to rise by 117,000 barrels per day to 6.15 million bpd, its ninth consecutive monthly rise, the U.S. Energy Information Administration said on Monday. The total forecast figure has expanded to include the Anadarko region (SCOOP & STACK), a growing and prolific shale play that has the second-most operating rigs, at 129, after the Permian's 373, according to the EIA's monthly drilling productivity report. The EIA added that the region has become "the target of many producers using improved drilling and completion technology to this already well-established oil and gas producing basin."

https://www.reuters.com/article/us-usa- ... SKCN1AU261

Keep in mind that EIA's "Drilling Productivity Report" is a FORECAST. Their forecasts for April and May proved to be way too high when we finally saw the actuals. EIA's weekly reports overstated U.S. crude oil by 200,000 BOPD in April and 150,000 BOPD in May.

Direct link to the EIA Drilling Productivity Report: https://www.eia.gov/petroleum/drilling/