Forecast of oil production in Permian Basin by U.S. Energy Information Administration continues to grow. EIA said Jan. 17 that production in Permian is expected to increase by 30,000 b/d in February to 5.635 million b/d from 5.605 million b/d in January. In 7 major producing regions, production is expected to grow to 9.375 million b/d in February from 9.299 million b/d in January. Production in 6 of 7 regions is expected to grow (Haynesville unchanged).
Production of natural gas also is expected to increase in February in 7 regions to 96.656 billion cubic feet per day from 96.190 billion cfd in January. Production leader is Appalachia with 35.372 billion cfd in February (up 93 million cfd), Haynesville registers largest increase of 145 million cfd in February to 16.585 billion cfd, and Permian will add 109 million cfd in February to 21.724 billion cfd.
The 7 regions added 40 DUC wells (drilled but uncompleted) in December to 4,577 from 4,537 the previous month. Permian Basin had 1,069 DUC wells in December – up 1 from November. Only region to decline in DUC count was Eagle Ford in south Texas – down 9 to 508 DUC wells in December.
