Here is US oil production through April, from the EIA’s monthly numbers:
Earlier this week, the EIA released it’s monthly Short Term Energy Outlook (STEO). Here are some notes on US oil production from that report:
- Estimated US oil production for 2016 is 8.6 mbd and 2017 is 8.2 mbd, compared with 9.4 mbd in 2015
- June 2016 is estimated at 8.6 compared with a recent high 9.7 in April 2015 (highest since April, 1971)
- 1Q16 production was 9.2, 3Q16 is expected 8.1
- April16 to Sep16 is expected to see an average 180,000 barrel decline in production
- Oct16 to July17 is expected flat at 8.2 mbd
- 3Q17 production is expected to begin to rise due to higher expected prices and higher productivity
- Gulf of Mexico production at 1.5 mbd in 2015 is expected to be at 1.9 in Q417
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