Why oil and natural gas production in the Permian should increase » Market Realist

According to the Energy Information Administration’s or EIA’s short-term energy outlook published in June 2014, crude oil production will average 8.4 million barrels per day in 2014, which is an increase of 0.9 million barrels per day or 12% from the 2013 level. The EIA also anticipates that the majority of the growth will arise from the Williston Basin in western North Dakota and eastern Montana primarily the Bakken formation, the Western Gulf Basin in south Texas primarily the Eagle Ford Formation, and the Permian Basin primarily the Spraberry and Wolfcamp formations.

via Why oil and natural gas production in the Permian should increase » Market Realist.

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