Oil output is expected to grow in all major U.S. shale plays in November despite falling global prices as drillers become more efficient. Production per well was projected to increase in fields in North Dakota , Texas and Colorado , the Energy Information Administration said today in its Drilling Productivity Report . Brent futures fell to $85.04 a barrel on the ICE Futures Europe Exchange, the lowest settlement since Nov. 23, 2010. Only about 4 percent of U.S. shale oil production needs prices above $80 for drillers to break even, the International Energy Agency said today in its monthly oil market report. Producers are getting more oil per dollar spent drilling, driving costs down as much as $30 a barrel since 2012, Morgan Stanley (MS) analyst Adam Longson said in a report yesterday. “Prices aren’t low enough to put these projects at risk,” Matthew Jurecky, head of oil and […]