Texas’ Permian shale formation holds the key hopes of a rapid US shale output rebound. Unlike the more mature Bakken and Eagle Ford, Permian output is already rising decisively.
Production is set to rise by 30,000 b/d next month, taking it to a record 2.01mn b/d, according to the latest Drilling Productivity Report from the EIA, released 17 October, with this coming on top of expected 22,000 b/d gains in October. (CONTINUED - 715 WORDS)
