The United States Energy Information Administration (EIA) said in its monthly drilling productivity report on Monday that it is expected that the crude oil and natural gas production of the seven major shale basins in the United States will rise to a record high in March this year.

EIA estimates that the crude oil output of the shale basin will increase by about 75000 barrels/day in March, reaching a record of 9.36 million barrels/day.

The Permian basins in Texas and New Mexico, the largest shale oil basins in the United States, are expected to increase production by about 30000 barrels per day in March, reaching a record of 5.68 million barrels per day.

In the Bakan region of North Dakota and Montana, crude oil production will increase by about 21000 barrels per day to 1.2 million barrels per day in March, the highest level since December 2020.

The output of crude oil in the Eagle Ford region in southern Texas in March will increase by about 4000 barrels per day to 1.18 million barrels per day, the highest level since April 2020.

EIA estimates that the total natural gas production of large shale basins will increase by about 400 million cubic feet per day in March, reaching a record 96.6 billion cubic feet per day.

In Appalachia, the largest shale gas basin in Pennsylvania, Ohio and West Virginia, production will rise to 35.1 billion cubic feet per day in March, the highest level since September 2022.

By comparison, the natural gas production in Appalachia in December 2021 was 36.2 billion cubic feet per day.

In March this year, the natural gas production in the Permian Basin of Texas, Louisiana and Arkansas and the Hainsville region will rise to a record high of 22.2 billion cubic feet per day and 16.6 billion cubic feet per day respectively.

The production of natural gas in Appalachia is expected to increase, although the natural gas obtained by drilling companies from each new well has decreased for 24 consecutive months.

EIA said that the production of new gas wells per drilling rig in Appalachia is expected to fall to 24.6 million cubic feet per day in March, the lowest level since June 2020.

In March 2021, the production of new gas wells per drilling rig in Appalachia reached a record 33.3 million cubic feet per day.