EIA: Eagle Ford Production Plummeting

EIA: Monthly Productivity Report
EIA: Monthly Productivity Report

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

Related: OPEC's Plan to Squeeze out U.S. Shale: Is it Working?

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