US unconventional oil production is projected to rise 143,000 b/d in August to 7.470 million b/d, the US Energy Information Administration said Monday, the second-highest month-to-month volume growth increase since the agency has kept those records. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Moreover, drilled but uncompleted (DUC) wells in the Permian Basin rose 164 in June to 3,368, one of the largest builds in recent months, the EIA said in its latest Drilling Productivity Report. By comparison, the DUC build in May was 169 and in April was 133. In addition, the Permian Basin in West Texas and southeast New Mexico, in unconventional oil production, is seen far outdistancing other shale basins in monthly growth in August, at 73,000 b/d to 3.406 million b/d, EIA said. Oil industry experts are closely watching the basin, which began the year producing around 3 […]