Gulf of Mexico update

Through 2021 the federal waters of the northern Gulf of Mexico (OCS) have cumulative production of 23.4 Bbo and 193 Tcf.  The deepwater (water depths > 1000’ as defined by BOEM) has produced 10.2 Bbo and 23.5 Tcf while the shelf has produced 13.2 Bbo and 169.5 Tcf.  From a BOE standpoint, the GOM has primarily been a gas province, and the bulk of that production has come from shelf fields.  While the shelf has produced more cumulative oil than deepwater, over 90% of current oil production comes from deepwater fields. 

First production from the OCS occurred in 1947.  First deepwater production was in 1979 from Shell’s Cognac field in 1022’ of water.  GOM oil production in December 2021 was 1.69 mmbopd as per BSEE.  As Ovi says in his monthly updates, if GOM were a state, it would be the 2nd leading oil producing state in the US, only behind Texas.

Brief history of GOM gas production

GOM gas production peaked in 1997 at 14.4 bcf/day and has been declining ever since.  Current gas production is about 2 bcf/day. 

Figure 1 – GOM gas production, with shelf and deepwater broken out.  Data from BOEM.

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US February Oil Production Surprises to the Downside

A guest post by Ovi

All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM. 

U.S. February production decreased by a surprising 50 kb/d to 11,312 kb/d. Relative to November 2021 production of 11,773 kb/d, it has dropped by 461 kb/d. The main declining states were Texas 27 kb/d and ND 23 kb/d.  The major decliner was the GOM which dropped by 93 kb/d. Of the top 3 states, only New Mexico increased its production.

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US January Production Drop Surprises

A guest post by Ovi

All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM

U.S. January production decreased by a surprising 216 kb/d to 11,371 kb/d. In December production dropped by 206 kb/d. The main declining states were Texas 120 kb/d, New Mexico 31 kb/d, and ND 24 kb/d.  Of the top 10 states, only Colorado increased its production.

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