US shale oil volumes to spike by another 109,000 b/d in March: EIA

US crude oil production from shale is expected to spike by another 109,000 b/d in March and exceed 8.7 million b/d, driven by growth in the Permian Basin and Texas’ Eagle Ford Shale, the US Energy Information Administration said Feb. 14 The growth is occurring amid increasing drilling activity and spending hikes as front-month NYMEX WTI hits $95/b, and threatens…