- Crude oil production from the seven major U.S. onshore regions is expected to grow by 127K bbl/day in July from June to average 5.475M bbl/day, according to the U.S. Energy Information Administration.
- The Permian and Eagle Ford are projected to account for 85% of the increase; the report also covers the Bakken, Haynesville, Marcellus, Niobrara and Utica plays, tracking active drilling rigs, drilling productivity and estimated changes in production from existing oil and gas wells.
- Oil production is expected to rise at all seven regions, led by the Permian with an increase of 65K bbl/day to 2.47M bbl/day, while the Eagle Ford is seen growing by 43K bbl/day to 1.368M bbl/day.
- Each of the seven regions is expected to record increased gas production during July, rising 684M cf/day to 51.685 B cf/day, led by the Permian with a 161M cf/day jump to 8.457B, followed by the Haynesville with a 142M cf/day gain to 6.588B.
- ETFs: USO, UNG, OIL, UGAZ, UWT, UCO, DGAZ, DWT, SCO, BNO, BOIL, DBO, GAZ, DTO, USL, KOLD, UNL, DNO, OLO, SZO, DCNG, OLEM
- Now read: Energy Week: Darkest Before The Dawn
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