Production growth in the US shale sector is expected to continue decelerating in May, according to the US Energy I nformation Administration (EIA). The agency’s latest Drilling Productivity Report (DPR), which estimates production from seven major US shale basins based on the number of drilling rigs at work and their productivity predicts US shale oil output will rise by about 49,000 barrels per day from April to average about 9.33 million b/d in May That growth rate is significantly lower than the 68,000 b/d increase projected in last month's DPR, although the EIA's April estimated average is also higher than projected as well.
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