Shane Thielges | Shale Plays Media
Oil production in the Eagle Ford and Bakken shales continues to climb, according to the analyst company Platts.
Petro Global News reports that production in the shales grew by a combined 78,000 barrels per day in August, a 3.1 percent increase over July. The benchmark once again sets new all-time production records.
Eagle Ford’s oil production was up 37 percent from one year ago, falling just short of 400,000 barrels a day.
Production in the Bakken rose about 23 percent in the same period, ultimately reaching 1.2 million barrels of crude per day.
Since mid-August, barrels of Bakken crude have traded for around $80, while Eagle Ford barrels have hovered just below $100.
Read the Petro Global News story here: Platts: Bakken and Eagle Ford shale production still climbing