gas production

The Permian Basin is the only one of the seven major producing areas of the Lower 48 forecast to see an increase in natural gas and oil output in October month/month, according to a forecast by the Energy Information Administration.

In the monthly Drilling Productivity Report (DPR) issued on Monday, EIA researchers estimated that overall, natural gas production in October across the seven major producing basins is set to decline by 428 MMcf/d to average almost 80.60 Bcf/d. Total oil production may decline by 68,000 b/d month/month to around 7.64 million b/d. 

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

Permian natural gas output is forecast to climb month/month...