EIA's Drilling Productivity Report predicts May tight oil production below April's level (4/22/2015)

In the April Drilling Productivity Report (DPR), EIA estimates that total crude oil production from the seven U.S. regions analyzed, which together accounted for about 95% of domestic crude oil production growth during 2011-13, will fall by 57,000 barrels per day (bbl/d) in May. This is the first time the DPR has indicated a decline in expected production levels since the report was first issued in October 2013. ... More »