Shale output heads for record drop after sharp drilling decline: EIA

Shale fields that powered the U.S. energy renaissance will suffer the biggest drop in output since the boom began after companies idled more than half their drilling rigs. Production from the prolific tight-rock formations such as the Eagle Ford in southern Texas will decline 91,000 bpd in August to 5.36 million, the U.S. Energy Information Administration…

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