Permian oil volumes hitting record highs Natural gas growth outpacing crude DUC count continues to deplete The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, the US Energy Information Administration said March 14. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The EIA’s new Drilling Productivity Report pegs shale volumes in March at 8.591 million b/d and growing to 8.708 million b/d in April, driven by an increase in the Permian Basin. Last month’s report projected March volumes at 8.707 million b/d. Overall US crude production for the week ended March 4 was unchanged at 11.6 million b/d, according to the EIA’s weekly petroleum status report. The DPR revised natural gas shale production slightly higher in March at 91.732 Bcf/d, up from the previous March estimate […]