Permian Pushes US December Oil Production to Post Pandemic High
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs November Petroleum Supply monthly PSM which provides updated information up to September 2022.
U.S. September production increased by 289 kb/d to 12,268 kb/d. It should be noted that August’s oil production was revised up by only 4 kb/d in the current September report. The large increase over the August update is real. For September, the states with the largest increase were Texas 90 kb/d, New Mexico 75 kb/d and North Dakota 43 kb/d. The Gulf of Mexico added 64 kb/d.
September’s production was at a new post pandemic high and crossed 12,000 kb/d. It is now 732 kb/d below the pre-pandemic high of 13,000 kb/d
While overall US oil production increased, a clearer indication of the health of US production can be gleaned by looking more closely at the Onshore L48 states. In the Onshore L48, September production increased by 208 kb/d to 9,989 kb/d. This means that 72% of the increase in US production came from the Onshore L48.
The blue graph, taken from the November 2022 STEO, is the production forecast for the U.S. from October 2022 to December 2023. Output for December 2023 is expected to be 12,580 kb/d.
The red OLS line from June 2020 to September 2022 indicates a monthly production increase of 50.5 kb/d/mth over that period. The first portion of red line stops at September because that is the range covered by the OLS analysis. The second portion is the same OLS line extended to see how well it fits the STEO forecast.
Oil Production Ranked by State
Listed above are the 10 states with the largest US production. These 10 accounted for 81.9% of all U.S. oil production out of a total production of 12,268 kb/d in September 2022.
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