US oil production will continue to grow in 2015, but at a slower pace, according to recent analysis by Deloitte. U.S. oil production will continue to increase this year, albeit at a slower pace, due to companies continued investment in projects underway, according to recent analysis by Deloitte MarketPoint. For the past two years, U.S. tight oil production has grown at an annual rate of 1 million barrels of oil per day (MMbopd). “While the recent drop in crude prices has squeezed the CAPEX budgets of shale producers , some reportedly have been able to lower their operating costs to below $40/bbl through efficiency gains and better economics in the ‘sweet spots’ of the shale plays,” recent Deloitte paper “Oil Prices in Crisis – Considerations and Implications for the Oil and Gas Industry”. Many analysts expected declines of between 300 and 500,000 barrels of oil per day (bopd) […]