US Shale Oil to Accelerate Production on Efficiencies, BNEF Says
- US output increases 4.5% to 13.9 million barrels a day in 2025
- BNEF US oil output estimates for 2025 are higher than the EIA
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US oil production will grow by 600,000 barrels a day in 2025, about 50% more than this year, due to higher well productivity, according to BloombergNEF.
Shale producers are pumping more oil per dollar invested in oil fields by drilling wells with fewer rigs and using better fracking techniques, BloombergNEF said in a report published Thursday. The US will increase production 4.5% to a record 13.9 million barrels a day next year.