Top U.S. Shale Oil Fields Decline Rate Reaches New Record…. Half Million Barrels Per Day

TOPICS:Shale Oil Decline RateShale Oil DepletionU.S. Shale Oil Production

 

Posted by SRSrocco in Energy, News on July 25, 2018 — 39 comments

While the U.S. reached a new record of 11 million barrels of oil production per day last week, the top five shale oil fields also suffered the highest monthly decline rate ever.  This is bad news for the U.S. shale industry as it must produce more and more oil each month, to keep oil production from falling.

According to the newest EIA Drilling Productivity Report, the top five U.S. Shale Oil fields monthly oil decline rate is set to surpass a half million barrels per day in August.  Thus, the companies will have to produce at last 500,000 barrels of new oil next month just to keep production flat.

Read more: https://srsroccoreport.com/top-u-s-shale-oil-fields-decline-rate-reaches-new-record-half-million-barrels-per-day/