US Oil Production Rises 4% in June

US Oil Production Rises 4% in June

US oil production showed signs of recovery after June saw an increase of 4.1%, however, production levels have not fully recovered from the dramatic plunge in May, according to Reuters.

The official figures from the US Energy Information Administration (EIA) showed that US oil output rose 420,000 barrels per day (bbl/d) in June to 10.436 mmbbl/d. This sharply contrasts against April production levels of 11.99 mmbbl/d.

In terms of the top oil-producing States, production rose in Texas by 227,000 bbl/d and also rose in North Dakota by 8,000 bbl/d, however, dropped by 49,000 bbl/d in the offshore Gulf of Mexico.

In terms of natural gas production, levels rose to 1.6 billion cubic feet per day (bcf/d) in June to 99.1 bcf/d.

America’s largest gas producer, Texas, increased output by 0.9 bcf/d. In Pennsylvania, the second-biggest gas-producing state, output rose 0.3 bcf/d to 18.96 bcf/d in June.


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