U.S. oil output rose 538,000 bbl/d in July to 10.984 million bbl/d, up from 10.446 million bbl/d in June, the U.S. Energy Information Administration (EIA) said in a monthly report on Sept. 30.
Oil production fell in March, April and May as U.S. crude producers were reeling from falling prices due to the coronavirus pandemic. While oil prices have continued to be under pressure due to low demand, they have recovered from the record lows seen in March.
July oil output was boosted by gains in North Dakota, Texas and offshore the U.S. in the Gulf of Mexico (GoM).
Output in Texas, the largest oil producing state and home to the Permian Basin, rose 103,000 bbl/d in July from June. North Dakota oil output rose 157,000 bbl/d in the same period, and offshore output in the GoM rose by 85,000 bbl/d.
Monthly gross natural gas production in the U.S. Lower 48 states, meanwhile, rose by 1.9 Bcf/d in July to 100.8 Bcf/d, its highest monthly average since April, according to the EIA 914 report.
Recommended Reading
TGS, SLB to Conduct Engagement Phase 5 in GoM
2024-02-05 - TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
StimStixx, Hunting Titan Partner on Well Perforation, Acidizing
2024-02-07 - The strategic partnership between StimStixx Technologies and Hunting Titan will increase well treatments and reduce costs, the companies said.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
2024-03-13 - The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.
Axis Energy Deploys Fully Electric Well Service Rig
2024-03-13 - Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.
TotalEnergies Rolling Out Copilot for Microsoft 365
2024-02-27 - TotalEnergies’ rollout is part of the company’s digital transformation and is intended to help employees solve problems more efficiently.