A new government report indicates almost all oil and gas regions in the U.S. will see increased production in the month.
The U.S. Energy Information Administration reported it anticipates “new well” oil production in the Anadarko Basin to increase from 716 barrels of oil a day to 717 barrels in May. New well natural gas production is also expected to increase from 4,806 cubic feet a day in April to 4,840 cubic feet a day in May.
Total oil production in the Basin will remain steady at 385,000 barrels of oil a day from April to May while total natural gas production will drop from 6,535 million cubic feet a day to 6,518 million cubic feet a day.
The same EIA report showed the number of DUCS or drilling but uncompleted wells increased from 701 wells in February in the Anadarko Basin to 703.
The Permian Basin is expected to see the largest jump in new well oil production in May while the Appalachia will experience the largest gain in new well natural gas production.
The Permian will also see the nation’s largest increase in total oil production while the Haynesville will have the biggest jump in total natural gas production by region.
