Crude oil production in Permian Basin is forecast to grow to 5.707 million barrels per day in June, according to the latest drilling productivity report from U.S. Energy Information Administration. That’s an increase of 15,000 b/d from May production of 5.692 million b/d. In the seven major producing regions, EIA forecasts production to grow by 41,000 b/d in June to 9.332 million b/d. Production in six of the seven regions is expected to increase (all but Haynesville, which again is expected to be flat).
Six of the seven regions also are forecast to grow natural gas production. Permian is expected to add 82 million cubic feet per day to reach 22.552 billion in June. Appalachia leads with 35.310 billion cfd in June – up by 54 million from 35.256 billion in May. Once again Haynesville leads in growth of gas production by 62 million cfd to 16.876 million cfd. Only Anadarko among the seven regions is forecast to decline (by 16 million down to 6.896 billion). Across the seven regions, gas production is forecast to grow by 256 million cfd in June to 97.239 billion cfd.
EIA said May 15 the number of DUC wells declined in April to 4,863 from 4,905 in March. Permian reported 915 DUC wells in April – a decline of 36 from 951 in March.