Tag: US Oil Production

US Production Growth Surges

Ovi 180 Comments

A Post by Ovi at peakoilbarrel

All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices is provided to project future US output. At the end, an analysis of a few different EIA reports is undertaken.

The charts below are updated to November 2019 for the 10 largest US oil producing states (>100 kb/d).

The latest data from the January EIA report shows that US production surged by 203 kb/d in November to reach a new high of 12,879 kb/d. Since June the US has increased output by an average of 164 kb/d/mth. Looking forward to December production, the January Monthly Energy Review (MER) estimates US production for December to be 12,861 kb/d, down 14 kb/d from November and shown in red as the last data point.

If the MER is correct for December at 12,861 kb/d, that means that the January 2020 STEO is too high in their output prediction. They estimate December output to be 12,967 kb/d, 106 kb/d too high.

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U.S. Oil Production Is Competing Against Decline

Ovi 254 Comments

A Post by Ovi at peakoilbarrel . com

All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices is provided to project future US output. At the end, an estimate is made for the decline rate in the L48 conventional oil fields and an analysis of a few different EIA reports is undertaken.

The charts below are updated to October 2019 for the 10 largest US oil producing states (>100 kb/d).

U.S. oil output continued to increase in October 2019. Production reached a new high of 12,655 kb/d, an increase 171 kb/d over September and 55 kb/d higher than estimated by the December Monthly Energy Review (MER). However it is 93 kb/d lower than the 12,748 kb/d estimated in the December STEO report. This could be an indication that the January STEO report will again lower US production estimates for 2020.

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Is US Oil Production Growth Slowing???

Ovi 217 Comments

This is a guest post by Ovi here.  

All of the oil production data for the states comes from the EIAʼs Petroleum Supply Monthly.

The charts below are updated to September 2019 for the largest US oil producing states (>100 kb/d).

There continues to be much speculation and information pointing to a potential slowing of US oil production.  However the latest production data from the EIA continues to point higher, albeit at a slower rate.

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USA Oil Production by State Updated to August 2019

Ovi 167 Comments

All data for this post is from the EIA’s Petroleum Supply Monthly

The charts below are primarily for the largest US oil producing states (>100 kb/d) and are updated to August 2019.  If you are interested in additional states, let it be known.

Ron has asked if I would take over the monthly posts for USA oil production.  I have tentatively agreed to do that.  Let us all thank Ron for his work at tracking US production and for his insights.  Ron will continue to monitor what’s happening with US production and provide his comments. He is not going away.

This is my first post on US production by state. If you spot any errors, please let me know and I will try to fix them.

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US Tight Oil Estimate and Projection to Dec 2019

D Coyne 305 Comments

New tight oil estimates were recently released by the EIA. The chart below compares estimates from Dec 2018 to May 2019, where the Dec 2018 estimate is that estimate with the most recent month estimated being Dec 2018 and likewise the May 2019 estimate has May 2019 as the most recent month estimated. The May 2019 estimate is fairly close to the April 2019 estimate with a slight downward revision of the April 2019 estimate from 7399 kb/d to 7368 kb/d, March 2019 was also revised lower by 10 kb/d from 7292 kb/d to 7282 kb/d. For May 2019 the most recent estimate is 7462 kb/d and if past history repeats this estimate may be revised lower next month.

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