Oil and gas production in the Anadarko Basin is expected to grow in the coming month according to a report by the U.S. Energy Information Administration.
At the same time, the Permian Basin will also see large gains in oil and gas production.
The EIA issues a report this week expecting oil production in the Anadarko Basin to go from 431,000 barrels of oil a day in January 2023 to 442,000 barrels in February 2023. Natural gas production, predicted the EIA, will go from 6,981 million cubic feet a day to 7,007 million cubic feet.
The Permian Basin is expected to see an increase from 5,605,000 barrels a day in January to 5,635,000 barrels a day in February. The natural gas production in the Permian is expected to grow from 21,615 million cubic feet a day to 21,724 million cubic feet a day.