![]() The Big Two states, combined output for Texas and New Mexico. A Different Perspective on US Oil Production The February 2022 STEO output forecast for the GOM for December 2021 was 1,910 kb/d, too high by 197 kb/d over the actual 1,713 kb/d. The February 2022 STEO projection for the GOM output has been added to this chart and projects output will be 1,858 kb/d in December 2023 with a local high of 1,912 kb/d in February 2023. If the GOM was a state, its production would normally rank second behind Texas. Production from the GOM decreased by 81 kb/d in December to 1,713 kb/d. Louisiana added 3 Hz rigs in January 2022 for a total of 4 but dropped back to 2 at the end of February. December's output increase indicates that Louisiana continues its slow road to recovery. Louisiana was one of the hardest-hit states by hurricane Ida in late August. Louisiana's output increased by 2 kb/d to 88 kb/d in December. Utah began to increase its Hz rig count from 6 in December to 8 in February In December 2021 output decreased by 3 kb/d to 236 kb/d.ĭecember's production increased by 1 kb/d to a new record high 116 kb/d. Wyoming's production has been essentially flat since November 2020 when output was 236 kb/d. Oklahoma's output in December increased by 2 kb/d to 397 kb/d but its output has remained essentially flat since March even though its rig count has increased from 17 in March to 46 in December.Ĭaliforniaʼ s slow output decline appears to have accelerated in December. North Dakota's Department of Mineral Resources reports a similar drop.Īlaskaʼ s December output increased by 5 kb/d to 451 kb/d and crossed above the declining trend line.Ĭoloradoʼ s December output decreased by 15 kb/d to 393 kb/d. Also from the beginning of December to the end, frac spreads dropped from 271 at the start to 234 at the end and completions were little changed.Īccording to the EIA, North Dakota's December output was 1,128 kb/d, a decrease of 25 kb/d from November. New Mexico did experience bad weather in December that could have caused this decline. By the last week of December, 234 oil rigs were operating, an increase of 29 rigs, and production has remained essentially flat since September.ĭecember's New Mexico production dropped by 61 kb/d to 1,362 kb/d. In September there were close to 205 Hz oil rigs operating in Texas. Note that November's output was revised up from 4,988 kb/d in the November report to 5,004 kb/d in this report. Texas production decreased by 16 kb/d in December to 4,988 kb/d from 5,004 kb/d in November. On a YoY basis, US production increased by 479 kb/d or on average 40kb/d/mth. These 10 accounted for 82.1% of US production out of total production of 11,567 kb/d in December 2021. ![]() Listed above are the 10 states with the largest US production. In addition to the states listed above where production dropped, Colorado added to the decline by 15 kb/d. In the On-shore lower 48, December production decreased by 130 kb/d to 9,403 kb/d. While overall US production was down, a better indication of the health of the US oil industry can be gleaned by looking more closely at the On-shore L48 states. Output for December 2022 is expected to be 12,390 kb/d an increase of 200 kb/d higher than was forecast in the January STEO report. The blue markers, obtained from the February 2022 STEO, are production forecasts for the US from January 2022 to December 2022. Another drop was also projected into January. In the LTO section below, where US Onshore L48 conventional oil is tracked, a drop of 117 kb/d was reported from November to December. The main declining contributors were New Mexico 61, ND 25, GOM 81, and Texas 16. December production decreased by a surprising 206 kb/d to 11,567 kb/d. ![]() All of the oil (C + C) production data for the US state charts comes from the EIAʼ's Petroleum Supply monthly PSM.
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