EIA 914 report came out today and US oil production came in at 11.975 million b/d, up from 11.873 million b/d in July. Texas and New Mexico (Permian) provided the main source of growth, but that's about it. US shale isn't what it used to be, not even close.
US Shale Growth Isn't What It Used To Be
US Shale Growth Isn't What It Used To Be
US Shale Growth Isn't What It Used To Be
EIA 914 report came out today and US oil production came in at 11.975 million b/d, up from 11.873 million b/d in July. Texas and New Mexico (Permian) provided the main source of growth, but that's about it. US shale isn't what it used to be, not even close.