Oil production from the seven largest shale formations in the United States is set to decline 121,000 barrels next month, the Energy Information Administration (EIA) said on Tuesday in its latest Drilling Productivity Report. The biggest production decrease next month is expected to come from the Eagle Ford, which the EIA expects will fall from 1.048 million bpd to 1.014 million bpd. The second-largest drop is expected to take place in the Niobrara. All in all, the EIA expects oil production will drop in November to 7.692 million bpd, from 7.813 million bpd in October. Next month, the EIA expects drops to oil production in all seven formations in the United States. The EIA also expects gas production to fall in all seven regions as well, from 82,402 million cubic feet per day to 81,785 mcf/d, with the largest loss coming from the Appalachia region. Total U.S. oil production […]