In May 2015 shale oil extraction on the US fields will drop by 57,000 barrels a day, reported the Energy Information Agency (EIA).
For the first time EIA forecasts reduction of production since beginning of publishing of the monthly reports of the drilling operations in 2013 and earlier it reported a more moderate possible production decline by 45,000 barrels. The decline will be mainly at the expense of the Bakken field in North Dakota (minus 23,000 barrels a day) and Eagle Ford in Texas – minus 33,000 barrels, specified EIA.
Analysts from Deutsche Bank AG, Goldman Sachs Group Inc and HIS Inc also forecasts suspension of growth of oil production in the US at least temporarily, because of reduction of oil price to almost six-year minimum. The slump of oil prices has also led to suspension of half of drilling rigs and reduction of thousands of jobs.
