AlwaysFree: US’ Seven Major Shale Formation Oil Output Expected To Fall In September

The United States’ oil output from seven major shale formations is predicted to fall by 20,000 barrel/day in September to around 7.56 million barrel/day, monthly report by the government data showed on Monday, August 17. Oil output is predicted to rise in the Permian basin of Texas and New Mexico, also Bakken shale formation located in North Dakota, while for Eagle Ford shale in Texas, the oil output forecasted to drop, as the Energy Information Administration report disclosed.