Production of crude oil and natural gas in each of the seven major regions in the U.S. is forecast to decline in July, according to the latest drilling productivity report from U.S. Energy Information Administration. The June 15 report said oil production in Permian Basin is expected to fall by 7,000 b/d to 4.263 million b/d in July from 4.270 million b/d in June (smallest decrease of 0.2 percent). Across the U.S., oil production in seven major regions will decline by 93,000 b/d to 7.632 million b/d. The monthly declines for July range from 1,000 b/d each in Appalachia and Haynesville to 28,000 b/d in Eagle Ford (largest decline of 5.9 percent in Anadarko). Production per rig is expected to increase in each region.
Production of natural gas across the seven regions is forecast to fall by 693 million cubic feet per day to 80.561 billion cfd – led by declines in Appalachia and Anadarko. Permian gas production will fall by 15 million cfd to 16.029 billion cfd. Appalachia is the gas production leader with 32.468 billion cfd after falling by 223 million cfd in the past month.
Permian, Bakken and Haynesville posted small gains in drilled but uncompleted wells, but overall in the seven regions DUC wells declined in the past month by 33 to 7,591 in May. Permian added 6 DUC wells to reach 3,468.