Contrary to expectations, OPEC, shale oil production in the U.S. is growing

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Вопреки ожиданиям ОПЕК сланцевая нефтедобыча в США растет

In the largest oil and gas producing regions of the US daily shale oil production in November increased compared with October by 81 thousand barrels to 6.12 million barrels. This forecast gives energy information Administration (EIA) US Department of energy.

Currently, shale oil production is 6,039 million barrels a day, although a month earlier, the EIA predicted that production of this type of oil to key U.S. deposits in October will increase by 79 thousand barrels a day — up to 6,083 million barrels.

The largest increase in shale oil production is expected to field Permian – 50 thousand barrels to 2,663 million barrels per day for Niobrara – 9 thousand barrels, to 515 thousand barrels per day. The same production growth expected in Anadarko, where it will amount to 474 thousand barrels per day. Expected growth of shale production in other deposits of the United States.

According to the forecast of the Ministry, in November, on these fields will increase production of shale gas to 827 million cubic feet to 60,937 billion cubic feet a day.

EIA data indicate that all uncompleted wells drilled, but not yet equipped for production fields major oil and gas producing regions of the United States in September increased in comparison with August by 179, or 2.46%, to 7.27 thousand wells.

As suggested in EIA, the combination of all these factors can ensure that American companies quickly and scale to increase oil and gas production by increasing the cost of hydrocarbons, regardless of what pace will increase drilling activity.

Meanwhile, according to OPEC Secretary General Mohammed Barkindo, the new shale boom in the US has already peaked. In his opinion, in the medium term, unconventional oil production in the US will decline slowly, as there is a noticeable reduction in the volume of investments in this sector. American companies that have assumed a leading role in the financing of shale oil production, expect more price increases and, accordingly, profitability in the short term.

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