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EIA: U.S. Oil Output Climbs to Highest Since March 2020

Published: December 1, 2022 |

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U.S. oil output climbed 2.4 percent to 12.27 million barrels per day (bpd) in September, government figures showed on Wednesday, the highest since the start of the COVID-19 pandemic.

Among top oil producing states, monthly output in Texas rose 1.8 percent to 5.15 million bpd, the highest since March 2020.

In New Mexico, it increased 4.7 percent to a record 1.68 million bpd, and in North Dakota it gained 4.1 percent to 1.11 million bpd, the highest since March 2022.

Gross natural gas production in the U.S. Lower 48 states rose 0.8 billion cubic feet per day (bcfd) to a record 111.2 bcfd in September.

That topped the prior all-time high of 110.4 bcfd in August.

Among top gas-producing states, monthly output rose 0.1 percent to 31.2 bcfd in Texas and rose 0.3 percent to 20.5 bcfd in Pennsylvania.

Product supplied of crude and petroleum products fell 0.6 percent in September to 20.47 million bpd, the lowest since July, while that of finished motor gasoline fell 2.92 percent to 8.82 million bpd.

Source: Reuters


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