Monday’s drilling productivity report from the EIA shows the agency’s somewhat pessimistic expectations for domestic U.S. production. From October to November, the EIA estimates total new-well oil production in the seven largest energy-producing regions to increase in the Niobrara, Bakken and Eagle Ford fields while staying virtually flat everywhere else. For new-well gas production, an increase in the Marcellus field compares to modest gains elsewhere. Overall, the rig-weighted average was only 2 barrels and 159 thousand cubic feet a day, respectively. DUC figures were generally down, apart from an increase of 52 DUC wells in the Permian field. But while new wells are still being drilled, production overall is forecast to fall by 60 thousand barrels per day, offset only by a 30 thousand increase in the Permian, for a net loss of 30 thousand barrels. Equally, natural gas production is set to fall by 309 million […]