By Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to October 2024.
U.S. October oil production increased by 259 kb/d to 13,457 kb/d. The largest increases came from the GOM, 191 kb/d and Texas, 55 kb/d.
Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to September 2024.
U.S. September oil production decreased by 157 kb/d to 13,204 kb/d. The largest decrease came from the GOM, 215 kb/d. August production was revised down by 40 kb/d from 13,401 kb/d to 13,361 kb/d.
Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to March 2023.
U.S. March oil production rose by 77 kb/d to 13,182 kb/d. The largest increases came from Texas, 36 kb/d and New Mexico, 32 kb/d. However relative to the EIA’s February production report, which was revised down from 13,154 kb/d to 13,105 kb/d, March production is up by 18 kb/d.
US production has been flat since September 2023.
Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to December 2023.
U.S. December oil production decreased by 4 kb/d to 13,315 kb/d. The small decrease was a mix of increases and decreases that netted out to a negligible decrease. The largest decrease came from Texas, 20 kb/d, offset by a New Mexico increase of 23 kb/d.
Read MoreThe EIA has released their latest Short-Term Energy Outlook. Below I compare the EIA’s ever changing outlook for future oil production. The STEO charts below are total liquids and are in million barrels per day.
The EIA increased their December 2014 all liquids estimate but dramatically decreased their January 2015 estimate. The EIA now says US total liquids production declined by 480,000 barrels per day in January.
The EIA still believes non-OPEC total liquids production will take off but not until 2016. They have non-OPEC liquids reaching a new high in December but dropping almost one million barrels per day in January and not reaching that December high again until July of 2016.