U.S. Shale Oil Output Seen Growing Even as Prices Drop
This article is for subscribers only.
Oil output is expected to grow in all major U.S. shale plays in November despite falling global prices as drillers become more efficient.
Production per well was projected to increase in fields in North Dakota, Texas and Colorado, the Energy Information Administration said today in its Drilling Productivity Report. Brent futures fell to $85.04 a barrel on the ICE Futures Europe Exchange, the lowest settlement since Nov. 23, 2010.