U.S. crude oil production slid in May by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration (EIA) on July 29.
Oil production fell to nearly 11.6 million bbl/d in May from 11.65 million bbl/d the month prior, the report showed.
Output, which has been recovering from the impact of the coronavirus pandemic, remains far below its record high of 12.3 million bbl/d in 2019.
Production in North Dakota rose 17.1% to about 1 million bbl/d in May, highest since March, the report showed.
New Mexico output fell 0.7% to 1.5 million bbl/d in May, lowest since March. Output in Texas fell 1% to 5 million bbl/d in May, lowest since February.
Monthly gross natural gas production in the U.S. Lower 48 states rose 1.1 Bcf/d to a record 108.4 Bcf/d in May, the EIA said in its monthly 914 production report.
That topped the prior all-time high of 108.2 in November 2021.
In top gas producing states, monthly output rose 0.3% to a record 30.9 Bcf/d in Texas and 0.5% in Pennsylvania to 20.7 Bcf/d.
Pennsylvania output hit a record 21.9 Bcf/d in December 2021.
Demand for U.S. crude and petroleum products rose in May to about 20 million bbl/d, the highest since March, according to the EIA.
Demand for motor gasoline rose to 9.1 million bbl/d, the highest since August 2021, the EIA said.
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