GUSH - U.S. April Oil Production Rose Again
2024-07-04 08:50:00 ET
Summary
- U.S. April oil production rose by 72 kb/d to 13,248 kb/d.
- Texas production increased by 53 kb/d in April to 5,636 kb/d.
- Alaska?s April output dropped by 3 kb/d to 430 kb/d.
A guest post by Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIA?s Petroleum Supply monthly PSM which provides updated information up to April 2023.
U.S. April oil production rose by 72 kb/d to 13,248 kb/d. The largest increases came from Texas, 53 kb/d while New Mexico dropped by 24 kb/d.
US production has been flat since September 2023.
The dark blue graph, taken from the May 2023 STEO, is the forecast for U.S. oil production from April 2024 to December 2025. Output for December 2025 is expected to reach 13,917 kb/d and is an increase of 8 kb/d from the previous STEO report.
From April 2024 to December 2025 production is expected to grow by 669 kb/d or at an average rate of 33.5 kb/d/mth. This rate is still a high growth rate and is not consistent with many articles predicting a near-term peak in US oil production. ...
U.S. April Oil Production Rose Again