Shale performance boosts US EIA crude forecast

摘要

Washington—The US Energy Information Administration Tuesday raised its 2015 forecast for US crude production to 9.43 million b/d, from 9.19 million b/d in last month’s Short-Term Energy Outlook, as producers appear to be working through their backlogs of uncompleted wells and achieving better completions. “US oil production since mid-2014 has been more resilient to lower crude prices than many had expected, as reflected in modest upward revisions in fourth quarter 2014 and first quarter 2015 data,” EIA Administrator Adam Sieminski said in a statement.