U.S. crude oil production in September rose to a new record of 12.46 million barrels per day (MMbbl/d) from 12.397 MMbbl/d in August, the U.S. government said in a monthly report on Nov. 29.
The U.S. has become the world's largest oil producer as technological advances have increased production from shale formations.
Oil output in Texas rose 72,000 bbl/d in September, while production in North Dakota and the Gulf of Mexico fell during the month. Production also climbed in Oklahoma and Alaska.
U.S. gasoline demand fell 652,000 bbl/d in the month to 9.2 MMbbl/d. U.S. demand for distillate fuels, including diesel, fell 87,000 bbl/d to 3.9 MMbbl/d, according to the report.
Meanwhile, monthly gross natural gas production in the lower 48 U.S. states rose to an all-time high of 104.8 billion cubic feet per day (Bcf/d) in September from the prior record of 104.2 Bcf/d in August, according to the EIA's 914 report.
In Texas, the biggest gas producing state, output increased 1% to a fresh record high of 29 Bcf/d in September.
In Pennsylvania, the second-biggest gas-producing state, output rose 0.1% to a record 19.24 Bcf/d in September from the prior all-time high of 19.22 Bcf/d in August.
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
Exxon Mobil Corp. is suspending the company's contribution to the U.S. employee retirement savings plan beginning in October, the company confirmed on Aug. 5.
The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.