U.S. crude oil production last week hit 11 million barrels per day (bpd) for the first time in the nation's history, the Energy Department said on Wednesday, as the ongoing boom in shale US Crude Oil Field Production (4-Week Average) is at a current level of 13.02M, unchanged from 13.02M last week and up from 12.02M one year ago. This is a change of 0.00% from last week and 8.32% from one year ago. My own calculations of projected US oil production in 2018 is 9.4-9.5 million barrels a day (mbd) and projected to rise to 9.6 mbd in 2019. These figures contrast with the EIA figures of 10.6 mbd in 2018 with the probability of hitting 11 mbd by the end of 2018 or early 2019. The EIA is the Energy Information Administration, a federal government division that produces the most transparent and well researched data on oil production and storage levels—of any country in the world.
EIA-14 - Refiners' Monthly Cost Report; EIA-64A - Annual Report of the Origin of Natural Gas Liquids Production; EIA-176 - Annual Report of Natural and EIA- 22L - Annual Survey of Domestic Oil and Gas Reserves (Field Version); EIA-64A EIA-803 - Weekly Crude Oil Stocks Report; EIA-804 - Weekly Imports Report
US Crude Oil Field Production is at a current level of 12.60M, unchanged from 12.60M last week and up from 10.90M one year ago. This is a change of 0.00% from last week and 15.60% from one year ago. Category: Energy. Region: United States. Report: Weekly Petroleum Status. Source: Energy Information Administration. EIA forecasts U.S. crude oil production will keep growing through 2021, but more slowly tags: crude oil liquid fuels oil/petroleum production/supply U.S. crude oil production efficiency continues year-over-year improvements According to the EIA report, the weekly U.S. field production of crude oil averaged 11.7 million barrels per day (b/d), which stayed the same as the previous week. Looking back on the beginning of 2018, U.S. crude oil field production averaged 9.5 million b/d, On the other hand, the EIA publishes more accurate monthly figures, but only on a several month lag. The most recent data is for May, which has U.S. oil production at 9.169 mb/d. “U.S. production has exceeded EIA’s previous expectations and, as a result, the short-term outlook now forecasts U.S. crude oil production to exceed 12 million barrels per day in 2019.”
On the other hand, the EIA publishes more accurate monthly figures, but only on a several month lag. The most recent data is for May, which has U.S. oil production at 9.169 mb/d.
The EIA has done it again. First, it is important to remember that weekly EIA production numbers are just estimates (except for Alaska, which is near real time). For the week ending on May 22, the EIA reported a monster increase in production of 3 percent from US Crude Oil Field Production is at a current level of 12.60M, unchanged from 12.60M last week and up from 10.90M one year ago. This is a change of 0.00% from last week and 15.60% from one year ago. Category: Energy. Region: United States. Report: Weekly Petroleum Status. Source: Energy Information Administration. EIA forecasts U.S. crude oil production will keep growing through 2021, but more slowly tags: crude oil liquid fuels oil/petroleum production/supply U.S. crude oil production efficiency continues year-over-year improvements
The EIA has done it again. First, it is important to remember that weekly EIA production numbers are just estimates (except for Alaska, which is near real time). For the week ending on May 22, the EIA reported a monster increase in production of 3 percent from
3 Oct 2019 U.S. crude oil production growth was slowing headed into summer, but (EIA) reported that weekly production tied the all-time production 13 Feb 2020 The data from EIA generally acts as a catalyst for crude prices and affect producers, such as ExxonMobil XOM, Royal Dutch Shell RDS.A and 28 Feb 2019 The EIA's weekly reports have underestimated the amount of oil being plumbed from U.S. fields since August. Ann Saphir | Reuters. U.S. oil 18 Jul 2018 Weekly production figures from the U.S. Energy Information Administration are notorious for revisions, as monthly data, released on a lag, shows
Beginning with data for the week ending June 1, 2018, weekly crude oil production estimates are rounded to the nearest 100,000 b/d at the U.S. and lower 48 state levels. Finished motor gasoline production and product supplied includes a weekly adjustment applied only to the U.S. total to correct for the imbalance created by blending of fuel ethanol and motor gasoline blending components.
3 Dec 2019 Pump jacks operate in front of a drilling rig in an oil field in Midland, Tex. a net oil exporter, first posted net petroleum exports on a weekly basis in “The rapid rise in U.S. oil production began before President Trump and