U.S. shale oil and natural gas production is expected to grow sightly in January, according to the U.S. Energy Information Administration.
The EIA is forecasting U.S. shale oil production across the nation’s seven largest basins to grow from 4.54 million barrels per day in December to 4.542 million bpd in January.
The Permian Basin will see the biggest production spike next month when it’s expected to produce 2.126 million bpd, a 37,000 bpd increase from the area’s December level.
The Niobrara Basin will see production increase from 403,000 bpd in December to 406,000 bpd in January.
Oil production in the Marcellus Basin will rise from 36,000 bpd in December to 37,000 bpd in January.
The EIA expects production in the Haynesville Basin to hold steady at 42,000 bpd.
Oil production in the Utica Basin is expected to slip from 49,000 bpd in December to 46,000 bpd in January.
The Bakken is expected to see oil production decline from 918,000 bpd in December to 905,000 bpd in January.
Oil production in the Eagle Ford Basin is expected to slide down from 1.003 million bpd in December to 980,000 bpd in January.
Total natural gas production across the seven plays is forecast to grow to just under 47.51 billion cubic feet per day (bcfpd) in January, an 88 million cubic feet per day (mmcfpd) increase over December.
The Marcellus Basin is expected to see the largest gas production surge in January after a 160 mmcfpd month-over-month spike sends production up to 18.46 bcfpd.
Natural gas production in the Permian Basin is forecast to grow by 68 mmcfpd to 7.48 bcfpd in January.
Natural gas production in the Haynesville Basin is expected to grow by 27 mmcfpd to 6.015 bcfpd in January.
Natural gas production in the Utica Basin is forecast to hold steady at just over 4.2 mmcfpd from December to January.
The EIA has forecast natural gas production in the Bakken to tick down to 1.595 bcfpd in January from 1.6 bcfpd in December.
Natural gas production in the Eagle Ford Basin is expected to fall from 5.61 bcfpd in December to about 5.45 bcfpd in January.
