Oil volumes coming out of the Eagle Ford increased slightly in December, as producers remain engaged in a 'survival of the fittest' struggle.
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Analyst group, Platts Bentek, reported this week that oil production in the Eagle Ford went relatively unchanged in December. Though the slight increase of 11,000 barrels a day is statistically irrelevant, it is a welcome relief after months of decline.
December's average oil production from the Eagle Ford was 1.5 million barrels per day, a 7% decrease year-over-year from 2014.
Looking to the future, the U.S. Energy Information Administration (EIA) predicted that volumes from the seven major shale regions in the U.S. will drop by 116,000 barrels a day in February with the Eagle Ford having the biggest losses, possibly dropping 72,000 barrels a day to 1.15 million.
Producers in the region are feeling the pinch as more and more struggle to stay afloat amidst this unstable environment.