Shale: Shale breaks into thin pieces with sharp edges. It occurs in a wide range of colors that include red, brown, green, gray, and black. It is the most common sedimentary rock and is found in sedimentary basins worldwide. geology.com
https://oilprice.com/Energy/Energy-General/EIA-Sees-Record-US-Shale-Output-Despite-Slow-Growth.html
EIA Sees Record U.S. Shale Output Despite Slow Growth
By Tsvetana Paraskova – Jun 13, 2023.
- The Energy Information Administration expects the biggest U.S. shale regions to produce record-high levels of crude oil in July.
- While the biggest shale regions are expected to produce record-high volumes, the pace of growth is set to be its slowest since December 2022.
- The Bakken region is set to lead the gains in crude oil production in July while the Permian will lead natural gas gains.
The biggest U.S. shale regions are expected to produce a record-high level of crude oil in July, but growth is sputtering and set to be the slowest since December 2022, data from the Energy Information Administration showed on Monday.
The seven main shale-producing regions in the United States are expected to pump 9.375 million barrels per day (bpd) of crude oil next month, a record high, according to estimates in the EIA’s Drilling Productivity Report.
“Yahoo Finance Video segment originally aired April 3, 2023.”
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