EIA: Oil Output From Major Shale Plays To Fall 86,000 Bbls a Day In June

Oil production from seven major U.S. shale plays is expected to fall by 86,000 barrels a day in June, according to a monthly report from the Energy Information Administration released Monday. Oil output at the Eagle Ford shale play in South Texas is forecast to see the biggest decline, down 47,000 barrels a day in June, as the Bakken shale play, which stretches from Canada into North Dakota and Montana, is expected to see output fall by 31,000 barrels a day, the report said. "The data shows that production in the Bakken and Eagle Ford [plays] peaked in March at 1.33 million barrels a day and 1.73 million barrels a day, respectively," said James Williams, energy economist at WTRG Economics. June West Texas Intermediate crude settled at $59.25 a barrel Monday, down 14 cents.