While the U.S. rig count rout seems to be slowing, shale production is expected to slip again in August, according the U.S. Energy Information Administration.
In its monthly drilling productivity report, the EIA said it expects oil production in the Bakken play to fall from 1.204 million barrels per day in July to 1.182 million bpd in August.
Oil production in the Eagle Ford Basin, located in Texas, is expected to tumble from 1.593 million bpd in July to 1.538 million bpd in August while gas production in the play is forecast to plummet from 7.094 billion cubic feet per day to 6.971 billion cubic feet per day.
The EIA estimates that gas production in the Marcellus shale play will fall from 16.528 billion cubic feet per day in July to 16.487 billion cubic feet per day in August.
The Utica basin is expected to add 22 million cubic feet per day of gas production in August.
Overall, total shale oil production is forecast to fall from 5.448 million bpd in July to 5.357 million bpd in August, a 91,000 bpd loss.
Total gas production from the seven regions included in the report is expected to fall by 260 million cubic feet per day to 45.146 billion cubic feet per day in August.
According to Reuters, the losses will mark the fourth straight month of falling production.
The production losses come despite across the board well productivity gains.
New-well oil production is expected to climb by 26 bpd in Bakken while new-well gas production per rig should shoot up by 43 thousand cubic feet per day.
On average, rigs in the nation’s largest seven oil and gas regions are forecast to add 10 bpd in oil production per day and 4,000 cubic feet of gas production per day from July to August.
According to the EIA, the seven oil and gas regions included in its report accounted for 95 percent of domestic oil production growth and all domestic natural gas production growth from 2011 to 2013.