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U.S. shale oil output expected to rise to 7.47 million bpd in August: EIA


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July 16, 2018, by Jessica Resnik-Ault

NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by 143,000 barrels a day to 7.47 million barrels per day in August, the U.S. Energy Information Administration said in a monthly report Monday.

Production is expected to rise across all 7 formations, with the largest gain of 73,000 barrels per day seen in the Permian Basin of Texas and New Mexico.

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Reporting By Jessica Resnick-Ault; editing by Diane Craft



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