Key Shale Basins Drag Down US Oil Production in January
U.S. Shale Oil & Gas Dip Despite Permian Boom:
Oil output set to fall for 3rd month in January.
Declines expected in key basins like Anadarko, Appalachia, Eagle Ford.
Permian output remains high but growth slows.
Total natural gas production down for 5th straight month.
Appalachia gas output continues steady decline.
New well production in Appalachia edges upward slightly.
In essence, U.S. shale oil faces a temporary dip while gas sees a longer-term decline. Permian shines for oil, but other major players are pulling back. Gas output continues its fall across major basins, with Appalachia showing no signs of immediate recovery. New well production in Appalachia shows a faint glimmer of potential growth.