Highlights Voluntary producers’ shut-in output accelerates EIA revises May production estimates down 500,000 b/d Houston — Declining US shale oil output is projected to slide further in June by 197,000 b/d to 7.822 million b/d, a drop of 15,000 b/d compared to what was expected last month, the US Energy Information Administration said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Last month, the EIA forecast production to drop 183,000 b/d in May to 8.526 million b/d, but voluntary shut-ins by producers during the past several weeks have accelerated faster than expected. Well economics have gone south in the wake of extremely low oil prices, and the majority of public and several private operators revealed in the last few weeks that they have curtailed at least some output. The EIA has revised May production estimates to 8.019 million b/d, down more than 500,000 b/d. […]