EIA: Monthly Productivity Report
Oil production in the Eagle Ford is plummeting, according to new data.
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The U.S. Energy Information Administration (EIA) released the latest drilling productivity report showing production across the shale basins continues to decline with the Eagle Ford taking a big hit.
The agency estimates that the Eagle Ford will lose 78,000 barrels of production in the month of December. The decline has been a trend since the numbers peaked in April.
Related: U.S. Oil Production Has Peaked