EIA: US Crude Output Rose in January to Highest Since March 2020
(Reuters) — U.S. field production of crude oil rose in January to 12.46 million barrels per day (bbl/d), the highest since March 2020, Energy Information Administration (EIA) data showed on Friday.
Among the top oil producing states, monthly output in Texas rose 1.5% to 5.24 million bbl/d, the highest since March 2020, the EIA said. In North Dakota, output jumped 10.2% to about 1.05 million bbl/d, the highest since November 2022.
In New Mexico, output grew 1.1% to 1.79 million bbl/d, the highest on record, the EIA said.
In the federal offshore Gulf of Mexico, production surged 7% to 1.91 million bbl/d, the highest since March 2020.
Meanwhile, U.S. product supplied of crude and petroleum products — a proxy for demand — rose to 19.54 million bbl/d, highest since November 2022, EIA data showed. Product supplied of finished motor gasoline fell in January to 8.28 million bbl/d, lowest in a year.
Gross natural gas production in the U.S. Lower 48 states jumped by 2.9 billion cubic feet per day (Bcf/d) to 112.3 Bcf/d in January, the most since hitting a record 112.4 Bcf/d in November 2022, according to EIA's monthly 914 production report.
That was the biggest monthly increase since output soared by a record 8.0 Bcf/d in March 2021 after the February freeze of 2021 froze oil and gas wells in Texas and several other states.
In top gas producing states, monthly output in January rose 3.0% to 20.3 Bcf/d in Pennsylvania and 1.1% to a record 32.0 Bcf/d in Texas.
That topped the prior record of 31.9 Bcf/d in Texas in October 2022. Output hit a record 21.8 Bcf/d in Pennsylvania in December 2021.
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