Bakken, Eagle Ford account for three-fourths of U.S. energy growth

|By:, SA News Editor

North Dakota’s Bakken and south Texas’ Eagle Ford shale formations were responsible for 75% of oil production growth over the past month, and west Texas’ Permian remains the biggest overall oil producer, according to a first-of-its-kind EIA report released Tuesday.

The Marcellus formation, which straddles Pennsylvania, West Virginia and New York, accounted for 75% of natural gas' production growth, the report said.

Top Bakken producers in the Bakken include Oasis Petroleum (OAS) and Continental Resources (CLR); in the Eagle Ford, EOG Resources (EOG) and Chesapeake (CHK) are among the top producers, while Diamondback Energy (FANG) is a top asset holder in the Permian.

Cabot Oil & Gas (COG) is among the largest producers in the Marcellus formation.