Oil and natural gas production in South Texas is predicted to continue its decline into December, possibly reaching its lowest point since May.
The U.S. Energy Information Administration predicts an average 14,000 barrel-per-day decline in the Eagle Ford Shale in December compared to November’s projected production. That would leave the shale producing an average of 1.36 million barrels per day next month, its lowest average daily production since May and a continuation of a downward trend that…
