gas production

The Permian Basin is the only one of the seven major producing areas of the United States forecast to see an increase in natural gas and oil output in October over September, the Energy Information Administration said Monday.

In the monthly Drilling Productivity Report, EIA researchers estimated total oil production from the seven most prolific basins in the United States would decline by 68,000 b/d month/month to total 7.64 million b/d. 

Natural gas production overall is set to decline by 428 MMcf/d to average almost 80.60 Bcf/d, according to the DPR. 

However, in the Permian, which saw the fastest rig slide in the country as Covid-19 scrambled prices, is forecast to see an uptick next month.

Permian oil production is projected to increase by 23,000 b/d to total 4.17...