After U.S. oil output hit an all-time high in the final two months of 2023 with year-over-year growth clocking in at over 1 million barrels per day, the Energy Information Administration EIA said on Monday that American shale output from the top-producing regions would soar to a six-month high in June. In its monthly Drilling Productivity Report released on Monday, the EIA said production in the top basins in the American shale patch would hit 9.
19 million bpd for a total rise of nearly 18,000 bpd. By comparison, Eagle Ford output in Texas is poised to reach 1.11 million bpd–a record since last December, while output in the Bakken will increase just barely. In December last year, U.S. crude oil production rose from 11 million bpd in July to 13.3 million bpd as producers took advantage of higher oil prices coming off a pandemic. Standard Chartered analysts note that the U.S.