More on the EIA’s increase in US oil production estimates… EIA

November 20, 2019 by Jim Colburn Leave a Comment

In today’s “This Week In Petroleum”, the EIA explains the increase in production estimates released last week:

”The increases in crude oil production forecast in the November STEO were primarily driven by

EIA’s upward revision to historical production in the Lower 48 states of about 90,000 b/d for August, based on EIA’s most recent–October 31, 2019–914 monthly crude oil and natural gas production survey
Higher initial production for future wells that will be drilled in the Texas Permian region
Slightly higher crude oil price forecast for the November 2019–January 2020 time period than in the October STEO

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