While oil production from key shale formations in the United States is in decline, the drop isn’t as severe as expected given low rig counts, analysis finds. The U.S. Energy Information Administration said in a drilling productivity report oil production from some of the more lucrative shale basins in the United States is expected to drop by a combined 92,000 barrels per day by July. While the Eagle Ford shale play in Texas is expected to show the largest drop in terms of volume, the Niobrara shale in Colorado declines the most in terms of percent by July, federal data show . Bentek Energy, the forecasting unit of energy news site Platts, said production from Eagle […]