Crude oil production in seven major regions of U.S. is forecast by U.S. Energy Information Administration to reach 9 million barrels a day in August. In its drilling productivity report of July 18, EIA said production in seven regions will increase by 135,000 b/d from July to reach 9.068 million b/d in August. Permian is expected to increase by 78,000 b/d to reach 5.445 million b/d in August.
Production of natural gas is forecast to reach 93.019 billion cfd in August – an increase of 748 million cfd over July. Appalachia leads with 35.328 billion cfd in August – an increase of 207 million cfd over its July total of 35.121 billion cfd. Permian is forecast to add 166 million cfd to reach 20.539 billion cfd in August. Haynesville again has the largest gain of 217 million cfd to 15.478 billion cfd.
The count of DUC wells (drilled but uncompleted) continues to decline – down 26 in June to 4,245 in seven regions from 4,271 in May. Permian leads with 1,214 DUC wells in June after 1,244 in May.