American oil production should increase

Oil production in the seven major US basins is expected to increase by 125,000 barrels per day (bpd) in May this year compared to the same month in 2017, the US Department of Energy (DoE) said in a report released Monday.

According to this projection, the combined output of Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara and Permian regions is expected to reach 6,996 million bpd next month. In May of last year, these basins yielded 6,871 million bpd.

Only the Permian basin accounts for more than half of the US government-projected increase in production, up 73,000 bpd in May this year from a year-on-year comparison to a total of 3,183 million bpd next month.

The report also reports that the supply of lighter crude oil, such as that produced in the Bakken wells in North Carolina, and Wolfcamp and Eagle Ford in Texas, is expected to grow at a faster rate than the average and heavy commodity. Source: Jornal do Brasil

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