US Oil Production and Drilling Indicators

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US Oil Production (million b/d) Aug.13'21 Aug.6'21 Jul.30'21 Aug.14'20 Weekly* 11.400 11.300 11.200 10.700 Monthly May'21 Apr.'21 Mar.'21 May'20 US Crude Oil Production 11.231 11.151 11.160 9.711 Texas 4.741 4.763 3.745 4.219 North Dakota 1.061 1.035 1.030 0.850 New Mexico 1.222 1.173 1.156 0.842 US NGL Production 5.461 5.443 5.116 4.745 Annual 2022 2021 2020 2019 EIA US crude oil forecast 11.77 11.12 11.28 12.29 Previous forecast 11.85 11.10 11.31 12.25 Rigs, Permits and Completions Weekly Oil Rig Count* Aug.20'21 Aug.13'21 Aug.6'21 Aug.21'20 US 405 397 387 183 Permian Basin 246 244 243 126 Eagle Ford 32 32 29 9 Cana Woodford 17 18 17 6 Williston Basin (Bakken) 23 23 19 10 Drilling Permits Jul.'21 Jun.'21 May'21 Jul.'20 Texas 778 738 631 349 North Dakota 40 75 46 92 Completions Jul.'21 Jun.'21 May'21 Jul.'20 Texas (new drill oil only) 406 444 397 1,036 North Dakota †53 47 41 59 * New data † Provisional data ‡ Forecast

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Bilateral discussions over production policy are heating up before Sunday's official Opec-plus ministerial meeting.
Sat, Jun 3, 2023
A surge in China's imports of refined products was a major contributor to the increase in China's overall oil demand in April.
Fri, Jun 2, 2023
The US oil rig count fell by 15 in the week ended Jun. 2, data from oil-field services provider Baker Hughes show, marking the largest one-week slide since September 2021.
Fri, Jun 2, 2023