EIA: Major U.S Shale Plays Have Peaked, Expect Decline To Kick In

The EIA has released its latest Drilling Productivity Report. There were some interesting data presented in the report. (Click to enlarge)They say the Bakken peaked at 1,311,703 barrels per day in March and will have declined by 74,763 bpd in July. Related: Time To Move Capital Into Next Bull Market – Part IThe EIA says the Bakken will get 51,000 barrels per day in July from new wells but legacy wells will decline by 80,000 barrels per day leaving a decline of 29,000 bpd. (Click to enlarge)The EIA says Eagle Ford peaked in 1,711,376…

via OilPrice.com Daily News Update http://ift.tt/1cJn3ck

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