U.S. shale production is set to fall to a two-year low in the coming weeks, with the Permian basin leading the way down. In the latest Drilling Productivity Report , the EIA estimates that oil production from the country’s leading shale basins is set to fall by 197,000 barrels per day in June compared to a month earlier. The Permian is set to lose 87,000 bpd, but other losses come from the Eagle Ford (-36,000 bpd), Anadarko (-28,000 bpd), Niobrara (-24,000 bpd) and Bakken (-21,000 bpd). U.S. natural gas production is also set to fall in June by about 1 percent, or 779 million cubic feet per day (mcf/d). Notably, the nation’s largest gas producing region in Appalachia loses a relatively modest 85 mcf/d. Instead, much deeper declines from associated gas production in the Permian (-210 mcf/d) and the Anadarko (-244 mcf/d). The larger decline in Permian gas compared […]