All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs September Petroleum Supply monthly PSM which provides data up to July 2022.
U.S. July production increased by a minimal 12 kb/d to 11,800 kb/d. For July, the states with increasing production were offset by states with decreasing production. July’s production was a new recent high. Production was 10 kb/d higher than November 2021 which was producing at a rate of 11,790 kb/d. However it should be noted that June’s oil production was revised down from 11,816 kb/d to 11,788 kb/d in the September report.
All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM. After the state production charts, an analysis of two EIA monthly reports that project future production is provided. The charts below are updated to May 2022 for the 10 largest US oil producing states.
Each month the EIA produces four reports which project oil output for the US and the World. The Short Term Energy Outlook (STEO) forecasts oil output for a period of 12 to 24 months into the future for US and World oil production. A second report, the Drilling Productivity Report (DPR) forecasts the combined production for conventional and tight oil in the main tight oil basins, four months ahead of the EIA monthly report. Their third report, Light Tight Oil (LTO), reports on only the tight oil produced in seven tight oil basins and a few smaller ones. A fourth and final outlook is the Monthly Energy Review (MER) that forecasts US output two months past the official US production numbers, for this report that will be October and November. Due to technical issues at the EIA, the LTO report and the MER were not available at press time.
Production numbers/charts for May for four countries obtained from their official sites are provided below.
Normally the Outlooks report appears at the end of the monthly US report. For this month it has been posted separately and early.
1) Short Term Energy Outlook
The June STEO provides projections for the next 21 months, starting with April 2022 to December 2023, for US C + C and other countries.
The June 2022 STEO has revised downward its projected US oil output from May 2022 to Q3-23. However Q4-23 has been revised up from the previous May 2022 STEO. In December 2023 output is expected to reach 13,444 kb/d, 160 kb/d higher than reported in the May report
All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM.
U.S. March production increased by 349 kb/d to 11,655 kb/d. Relative to November’s 2021 production of 11,769 kb/d, March is still 114 kb/d lower. The main increases came from Texas 147 kb/d, ND 66 kb/d and the GOM 75 kb/d.
In the discussion here I use the term net volume to refer to
the volume of prospective rock that might be developed to produce tight
oil. For each bench of a prospective
tight oil play (Wolfcamp A would be one example of a bench) there is an area
estimate (5733 thousand acres for Wolfcamp A of Delaware) and a success ratio
(%) = 94.7, in the case of Wolfcamp A.
Net acres are the total acres times the success ratio, for Wolfcamp A,
5429 thousand net acres. On average the
Wolfcamp A of the Delaware basin is about 400 feet thick, so the net volume
would be net acres times thickness or 2172 million acre-feet. An acre-foot is a volume that is one acre
(44,000 square feet) by one foot thick or 44,000 cubic feet (or a box that is
1000 ft long by 44 feet wide by 1 foot high.)
