• 4 minutes Phase One trade deal, for China it is all about technology war
  • 7 minutes IRAN / USA
  • 11 minutes Shale Oil Fiasco
  • 16 minutes Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 8 hours China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 1 hour Indonesia Stands Up to China. Will Japan Help?
  • 2 hours Beijing Must Face Reality That Taiwan is Independent
  • 2 hours Gravity is a scam!
  • 1 day What's the Endgame Here?
  • 8 mins Trump has changed into a World Leader
  • 7 hours US Shale: Technology
  • 2 days 10 Rockets hit US Air Base in Iraq
  • 2 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 1 day Canada / Iran
  • 2 days Wind Turbine Blades Not Recyclable
  • 2 days Remember: Only the Poor Can Reach the Kingdom of God
Alt Text

Oil Glut Overshadows Geopolitical Risk In 2020

In its latest report, the…

Alt Text

Oil Giant Sees Stock Soar 20% On Unexpected Oil Find

Two weeks after France’s supermajor…

Alt Text

The Next Oil Boom Is Happening Here

Despite the shale slowdown and…

Ron Patterson

Ron Patterson

Ron Patterson is a retired computer engineer. He worked in Saudi Arabia for five years, two years at the Ghazlan Power Plant near Ras Tanura…

More Info

Premium Content

EIA: Major U.S Shale Plays Have Peaked, Expect Decline To Kick In

The EIA has released its latest Drilling Productivity Report. There were some interesting data presented in the report.



(Click to enlarge)

They say the Bakken peaked at 1,311,703 barrels per day in March and will have declined by 74,763 bpd in July. Related: Time To Move Capital Into Next Bull Market – Part I

The EIA says the Bakken will get 51,000 barrels per day in July from new wells but legacy wells will decline by 80,000 barrels per day leaving a decline of 29,000 bpd.

(Click to enlarge)

The EIA says Eagle Ford peaked in 1,711,376 barrels per day in March and will have declined by a total of 117,971 bpd in July.

The EIA says Eagle Ford will get 90,000 bpd from new wells in July but the decline from legacy wells will be 139,000 bpd leaving a decline of 49,000 bpd.

(Click to enlarge)

The EIA says Niobrara peaked in March at 459,861 bpd and will have declined by 49,712 bpd by July. Related: More OPEC Oil Coming When Iranian Sanctions Removed

The EIA says Niobrara got 25,000 bpd from new wells but the legacy wells will decline by 42,000 bpd resulting in a decline of 17,000 bpd.

(Click to enlarge)

The EIA has the Permian not yet peaking but production leveling out. Production from the Permian in July, the EIA says, will be 2,059,851 bpd.

The EIA says production from new wells will equal 74,000 bpd in July and the decline from legacy wells will be 71,000 bpd leaving a net gain of 3,000 bpd. Almost half the Permian production comes from conventional wells therefore the legacy decline is not nearly as great as from pure LTO plays.

(Click to enlarge)

The other three shale plays are mostly gas plays and don’t contribute a lot to the total. Nevertheless the EIA says they will peak this month, June, at 181,538 bpd and will decline by 106 bpd in July. Related: Asian Financial Sector Hit Hard By Low Oil Prices

(Click to enlarge)

The EIA says the total of all seven shale plays peaked in April at 5,694,580 bpd and will have declined by 208,782 bpd in July. The one month decline, June to July, the EIA says, will be 93,027 bpd. These July numbers are still 142,720 bpd above the production numbers they have for December. However if the decline they they predict in July continues, then production in December 2015 will about 322,000 bpd below the December 2014 numbers.

By Ron Patterson

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage




Leave a comment
  • David Hrivnak on June 11 2015 said:
    We thought this day was coming. Thank you for pulling all the data I a concise form.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News