Production

EIA: US Crude Oil Production Rose Slightly In January

EIA Crude oil production report, goldman

U.S. crude oil production rose by 6,000 barrels per day (bbl/d) in January to 9.964 million bbl/d, the Energy Information Administration (EIA) said in a monthly report on March 30.

The agency revised the December report of crude oil production up by 9,000 bbl to 9.958 million bbl/d. The gains were driven by a rise in offshore production, which rose 5% to 1.62 million bbl/d from 1.55 million bbl/d. Production decreased modestly in the major oil-producing states of Texas and Alaska, while North Dakota’s production rose slightly to 1.16 million bbl/d, the EIA said.

U.S. natural gas production in the Lower 48 states dipped by 1.4% to 86 billion cubic feet per day (Bcf/d) in January, though that still represented a 9.9% increase from a year ago, according to the EIA’s monthly production report. Production fell by 2.8% in Texas, the top natural gas producer, to 22 Bcf/d, and was also lower in Pennsylvania and Louisiana.

Production in Oklahoma rose to 7.51 Bcf/d, a new record for that state, the third-biggest producer in the Lower 48.

Compiled and Published by GIB KNIGHT

Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.

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