• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 37 mins The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 9 hours Confirmed: UN Expert Urges Probe Of Saudi Prince Over Khashoggi Killing
  • 54 mins Emissions Need To Be Halved To Avoid 3C Warming
  • 6 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 1 hour Pioneer CEO Said U.S. Oil Production would be up to 15 mm bbls/day NOW if we had the pipelines. Permian pipelines STARTING Q3
  • 7 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 4 hours Coal Boom in Asia is Real and a Long Trend
  • 7 hours The Plastics Problem
  • 8 mins The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 9 mins Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 7 hours US to become net oil exporter in November: EIA
  • 5 hours Trudeau approves Trans Mountain Pipeline
  • 9 hours Hydrogen FTW... Some Day
  • 8 hours The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
Alt Text

How Oil Defeated The Nazis

The role of crude oil…

Alt Text

Norwegian Oil Pioneer: Big Oil’s Exodus Has Started

Norwegian Oil CEO Erik Haugane…

Alt Text

Russia Is Silently Preparing For An OPEC+ Deal Extension

Russia’s largest oil producer Rosneft…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

U.S. Shale Oil Production Rises At Record-Breaking Rate

Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its latest Drilling Productivity Report.

Hardly surprisingly, the Permian will lead the way with a 78,000-bpd increase in production, from 3.199 million bpd this month to 3.277 million bpd in June. The Permian will be followed by Eagle Ford, where average daily oil production will rise by 33,000 bpd from 1.354 million bpd to 1.387 million bpd.

The only shale play that will not register an increase in oil production will be Haynesville, where gas production, however, will grow by 201 million cu ft daily—the third-highest monthly gas production increase in the shale patch. The highest will be in Appalachia, where gas production will rise by 373 million cu ft between May and June.

But the record-breaking increase in production is not without problems, especially in the Permian. Production there is rising so fast, the transport infrastructure cannot keep up with it, and bottlenecks are beginning to emerge.

According to analysts, the current pipeline capacity in the Permian will be exceeded by the middle of the year, which means new ones need to be built urgently. There are already proposals for new capacity of a total 2.4 million bpd and strong interest from producers, who are concerned about the discount their oil would have to trade to other shale crudes because of the transport constraints.

One of these is the EPIC pipeline, which will be able to carry 590,000 bpd of Permian crude to refineries and other buyers. The company behind the project, EPIC Midstream Holdings, has received commitments for almost a third of the planned capacity from Apache Corp and Noble Energy, and chances are more will follow and soon to secure an outlet for their oil.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • CorvetteKid on May 15 2018 said:
    Hey, doesn't the author of this story read the Comments section at this website ?

    Shale production is a mirage...shale companies can't increase production.....shale needs $80/bbl. just to break even....OPEC can produce oil at $5/bbl. and we can't....blah blah blah blah blah.

    Long Live Shale !!!!!!!
  • Jonesy on May 16 2018 said:
    Shale is a mirage and has already collapsed. All the press about shale production is just fake news, and has been for years. I get my information from Kurt Cobb and the guys at peak oil sites. Also the Russian websites seem to understand that shale is just an illusion.

    When will these suckers wake up to the fact they've been duped by cornucopians?

Leave a comment





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