The US Energy Information Administration increased its projection for month-on-month growth in US unconventional oil output for May by more than sevenfold in its latest Drilling Productivity Report. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The EIA on May 17 said May crude production will rise by 94,000 b/d from April to 7.707 million b/d, up from its projection of a 13,000 b/d month-on-month gain to 7.6 million b/d it made last month. Total US oil production from April to May will slip by only 3,000 b/d. Higher productivity per rig and a better-than-expected bounceback from the winter freeze that caused widespread well shut-ins in February were behind the upward revision, EIA officials said. In […]