Has Fracking Peaked?
Fuel Fix : “The U.S. shale boom may finally be slowing down, according to projections from the U.S. Energy Information Administration.”
“Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March, the EIA said in its monthly drilling productivity report on Monday. The increase would be the smallest since February 2011.”
“If the EIA’s projection holds, April’s production would be a drastic decrease from a record-breaking surge in 2014; in 10 of the last 16 months, U.S. oil production gained at least 100,000 barrels per day.”