Sept. 18–A new report shows that West Texas’ Permian Basin will continue to post the biggest oil production gains of any U.S. shale field in October.
The report by the Department of Energy predicts the Permian will add 31,000 barrels of production in October, bringing overall production close to 3.5 million barrels a day. The Eagle Ford Shale in South Texas is expected to add 16,000 barrels a day of oil production, bringing its production — the second highest in the country — closer to 1.5 million barrels a day.
The production gains in the Permian come despite tightening pipeline capacity, which is said to have fallen below production. Companies are financing the development of an additional 2.1 million barrels a day of crude oil pipeline capacity to bring oil out of the Permian and to the Texas Gulf Coast, primarily to the Corpus Christi region.
The Bakken oil field in North Dakota, another major oil and gas shale development, is expected to add 14,000 barrels a day of oil production to more than 1.3 million barrels a day.
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