US shale oil/natgas output set to fall for first time since December – EIA
July 17, 2023
U.S. shale oil and natural gas production will fall in August for the first time since December, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.
Crude output from the seven big U.S. shale basins is set to ease to 9.40 million barrels per day (bpd) in August from a record 9.42 million bpd in July, EIA projected.
