In November of 2015, the US Energy Information Administration (EIA) released its monthly Drilling Productivity Report, which projected that barrels per day (bpd) produced would drop by 118,000 in December. The number reflected oil output from seven major shale regions, including Eagle Ford, Niobrara, and Bakken. The projected numbers would result in 4.95 million bpd in December.
Although overall oil production was expected to decline, one reservoir was forecasted to climb. The Permian Basin performed well throughout 2015. The same month the report was released, the EIA anticipated that oil production there would increase by 17,000 bpd, resulting in an excess of 2 million bpd. In December, the EIA expected further progress, estimating an additional growth of 11,000 bpd and making it one of the more profitable regions to drill.