US shale oil drilling poised to surge in February

Keeping with the trend, the Permian Basin in Texas in addition to brand-new Mexico will account for most of the gains. EIA sees Permian drillers increasing their output by 76,000 barrels a day.

Another Texas shale oil region, the Eagle Ford, is actually required to chip in growth of 15,000 barrels a day.

Production coming from North Dakota’s Bakken shale is actually set to grow by 8,000 barrels a day, while output coming from the Niobrara shale underlying Colorado in addition to neighboring states will rise by 6,000 barrels a day, EIA says.

Drillers in these regions squeeze oil in addition to gas coming from shale by pumping water, sand in addition to chemicals underground to fracture rock formations, a process called hydraulic fracturing. Shale drilling is actually driving the recovery in U.S. oil production following a prolonged slump in oil prices.

Last week, EIA forecast which total U.S. oil output will hit 10.3 million barrels a day, the highest annual average on record. The following year, EIA expects American production to average 10.8 million barrels a day, putting which roughly on par with Saudi Arabia in addition to Russia’s output.

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