U.S. shale oil output to rise 29,000 bpd to record 9.14 mln bpd in Jan -EIA - Reuters

U.S. shale oil output to rise 29,000 bpd to record 9.14 mln bpd in Jan -EIA - Reuters:

U.S. oil output from seven major shale formations is expected to rise about 29,000 barrels per day (bpd) in January to a record 9.14 million bpd, the U.S. Energy Information Administration said in a monthly forecast on Monday.

Output at the largest formation, the Permian Basin of Texas and New Mexico, is expected to rise 48,000 bpd to a new record 4.74 million bpd, the smallest increase since July.

Production from North Dakota and Montana’s Bakken region is expected to rise by about 3,000 bpd to a fresh peak of about 1.53 million bpd. That would be the smallest increase since production from the region declined in September, the data showed.

The agency forecast production declines in the Eagle Ford and Anadarko basins.