Oil production in the Eagle Ford is plummeting, according to new data.
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