Pressure Pumping

Will US Oil Production Ever Hit 13 Million Barrels Per Day Again?

Analysts discuss the outlook for the U.S. shale sector as it recovers from the latest downturn, awaiting higher global demand.

Velda

Addison

Hart Energy

Sun, 11/01/2020 - 08:00 AM

(Source: Maximov Denis/Shutterstock.com)

(Source: Maximov Denis/Shutterstock.com)

The U.S. saw its oil output hit a high of about 13 million bbl/d at the end of 2019 before the coronavirus-driven market collapse sent production into a nosedive earlier this year.

By the end of May, production had fallen to 10.3 MMbbl/d, triggered by widespread curtailments in an effort to help bring the global market closer to balance and improve tanking oil prices. U.S. producers of unconventional, offshore and conventional resources alike cut output along with other major oil- and gas-producing regions across the world.

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Texas/La Gulf Coast

In this article

Chart reflects yearly performance.

Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers exploration and production.

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