The Permian has maintained production growth over the past few months, albeit at a shrinking rate. Output from the basin in June is expected to increase 7,000 b/d—a third of total growth for April—to 2.1 million b/d.
New-well oil production/rig will continue to rise across the board in June, with the Permian up 26 b/d to 296 b/d, Bakken up 21 b/d to 631 b/d, Eagle Ford up 20 b/d to 720 b/d, and Niobrara up 17 b/d to 497 b/d.
US natural gas production, meanwhile, is expected to drop 112 MMcfd in June to 46.2 bcfd, comprising an 81-MMcfd loss in the Eagle Ford to 7.4 bcfd, a 65-MMcfd loss in the Niobrara to 4.6 bcfd, a 30-MMcfd loss in the Bakken to 1.5 bcfd, and a 6-MMcfd loss in the Permian to 6.4 bcfd. Output from the Utica and Marcellus, however, will respectively rise 49 MMcfd and 21 MMcfd to 2.5 bcfd and 16.7 bcfd.