Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions

EIA's most recent Drilling Productivity Report (DPR) indicates a change in the crude oil production growth patterns in three key oil producing regions: the Eagle Ford, Niobrara, and Bakken. After steady growth in these regions since 2009, the latest estimates for March 2015 signal the first instance of regional crude oil production declines in certain regions tracked by the DPR. More »