Average US oil production will reach 13.2mn barrels per day this year, and 13.4mn bpd in 2025, estimates the Energy Information Admin-istration (EIA), part of the US Department of Energy (DoE). This is above the record 12.9mn bpd that EIA estimated for 2023, according to the agency's...
Crude oil output from the United States is expected to rise to a new record of more than 12 million barrels per day (bbl/d) this year and to climb to nearly 13 million bbl/d next year, the U.S. Energy Information Administration (EIA) said Jan. 15 in its first 2020 forecast. U.S...
In 2020, US initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to theU.S. Energy Information Administration’s (EIA)Drilling Productivity Report(DPR), which is updated monthly. Productivity in...
(Jan. 11, 2022)— The United States Energy Information Administration (EIA) forecasts that U.S. oil production will average 12.4 million barrels per day during 2023, surpassing the record high for domestic crude oil production set in 2019. In its JanuaryShort-Term Energy Outlook(STEO), EIA ...
EIA Short-Term Energy Outlook Report: US crude oil production is expected to be 13.21 million b/d in 2024, compared to the previous forecast of 13.19 million b/d. U.S. crude oil production is expected to be 13.72 million b/d in 2025, compared to the previous forecast of 13.65 million...
U.S. oil producers have been gradually increasing drilling activity as oil prices have rebounded but output growth has been muted as investors pressure companies to rein in spending and focus on returns.
EIA previously forecast U.S. oil production to reach a record 12 million bbl/d in fourth-quarter 2019 but the agency has now pared its expectations in its short-term energy outlook.
The EIA also said it increased its short-term outlook for U.S. lower 48 state onshore oil production because of continued success in some major plays in the Permian Basin. The EIA, in its weekly report, said refinery utilization rose to 87 percent, as more refineries came back on line ...
September Light Tight Oil Update The EIA’s LTO database provides information on LTO production from seven tight oil basins and a few smaller ones. The September 2022 report updates tight oil production to August 2022. The last LTO report was published in May because of operational issues an...
The EIA forecasts US crude oil production to fall in 2020 and 2021 as efforts to mitigate the spread of COVID-19 continue to affect demand and prices.