US unconventional oil production is forecast to increase to 7.522 million b/d in September, up 93,000 b/d from August, the US government said Monday – the smallest month-on-month growth projection since November 2017 when domestic oil prices were about 20% lower than today. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Last month, the US Energy Information Administration projected domestic oil output to grow in August by a relatively high 143,000 b/d. Of all US basins, the Permian Basin of West Texas and New Mexico should show the biggest monthly growth in September at 34,000 b/d, to 3.421 million b/d, although that is less than half the 73,000 b/d increase that was targeted for August, the EIA said in its latest Drilling Productivity Report. The Permian is the US’ most active basin with nearly 500 rigs running as of Friday. In addition, EIA […]