The top shale basins in the U.S. could lose another 30,000 barrels per day in November, as a shortage of drilling fails to offset natural depletion. However, the decline is the smallest monthly drop off in a year and a half, a sign that the worst losses could be nearing an end. In fact, while the Eagle Ford is slated to lose 35,000 barrels per day and the Bakken is expected to lose another 21,000 barrels per day in November, the Permian Basin in West Texas is actually projected to add another 30,000 barrels per day, which could take output to record levels – over 2 million barrels per day. Behind the uptick in output in the Permian is a remarkable land rush , as capital and equipment continues to flow into the basin. In the past two weeks alone a few major acquisitions were announced – SM Energy […]