Author Topic: U.S. crude oil production in 2015 was the highest since 1972, but has since declined  (Read 913 times)

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Offline thackney

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U.S. crude oil production in 2015 was the highest since 1972, but has since declined
http://www.eia.gov/todayinenergy/detail.php?id=28672
NOVEMBER 7, 2016



U.S. field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million barrels per day (b/d). This was the highest crude oil production level since 1972, based on final production numbers in EIA’s Petroleum Supply Annual. In 2015, production gains were highest in Texas, the Gulf of Mexico, and North Dakota, as these three regions accounted for 77% of the U.S. total increase. Although annual production for 2015 grew, monthly U.S. crude oil production has declined since April 2015. Lower oil prices led to slower development activity, and production fell to 8.74 million b/d in August 2016, the latest month for which survey data is available.



States or areas with the highest volumes of production also saw the largest gains in 2015. Texas is by far the largest crude oil-producing state, providing 3.46 million b/d in 2015, the highest level since at least 1981, when EIA’s state-level production series begin. Production in Texas grew by 289,000 b/d in 2015, the largest increase of any state. The Federal offshore region of the Gulf of Mexico was second in both absolute level and 2015 increase, growing by 118,000 b/d to reach 1.52 million b/d, the highest production in that area since 2010. Production in North Dakota was third in both absolute level and 2015 increase, growing by 96,000 b/d to reach 1.18 million b/d, the highest on record for the state.

California production has generally declined since 1985—when it was 1.08 million b/d—and averaged 0.55 million b/d in 2015. Alaska’s crude oil production, almost all of which is in the North Slope, fell for the thirteenth consecutive year, declining to 0.48 million b/d in 2015.

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Offline IsailedawayfromFR

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A few points:

1. It is amazing to see Ohio in the top ten of oil producing gains.  Just amazing.
2. I wonder if you have seen a graph of total US oil production plotted with crude prices and oil rig counts?  Although they are dependent upon one another, it does seem that a change has occurred on the lag times and perhaps magnitude as to how they respond to each other.
3. Lastly, if one took our gas production and converted to boe and plotted total oil + gas production, it might not seem to be nearly a dive in production as portrayed by just oil.  Gas is so different, and what may be revealing is how our total energy from the combined is behaving in spite of the lower prices.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline thackney

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1. It is amazing to see Ohio in the top ten of oil producing gains.  Just amazing.

Up from nearly nothing and quickly headed back down.

Ohio Field Production of Crude Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPOH2&f=M
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Offline IsailedawayfromFR

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Up from nearly nothing and quickly headed back down.

Ohio Field Production of Crude Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPOH2&f=M

Looks to coincide nicely with the Presidential run of the Ohio Governor.  How fortunate for him.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington