January US oil output rises 1.14 mil b/d on year to 9.964 mil b/d: EIA

Chemical News: January US oil output rises 1.14 mil b/d on year to 9.964 mil b/d: EIA

https://www.chemnet.com Apr 02,2018 Platts
US oil production averaged 9.964 million b/d in January, up nearly 1.14 million b/d compared with January 2017, but about 102,000 b/d below November's record domestic output, the US Energy Information Administration said Friday.

US oil output averaged 10.066 million b/d in November, breaking the previous average monthly production record of 10.044 million b/d set in November 1970.

US crude output in January was up about 6,000 b/d compared with December, the agency said in its monthly crude oil and natural gas production report.

Fueled by the Permian Basin, Texas oil production led the way with nearly 3.89 million b/d in January, down 56,000 b/d from December, but up 687,000 b/d compared with January 2017, EIA said.

Output in Gulf of Mexico federal waters averaged 1.624 million b/d in January, which was up 79,000 b/d from December, but down 108,000 b/d from January 2017.

North Dakota oil production averaged 1.156 million b/d in January, up 2,000 b/d from December and up 181,000 b/d from January 2017.

Output in New Mexico, which is now the third-highest oil producing state due to Permian growth, averaged 540,000 b/d in January, down 17,000 b/d from December, but up 124,000 b/d from January 2017, the data show.

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