{"id":64348,"date":"2022-12-03T08:58:19","date_gmt":"2022-12-03T13:58:19","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64348"},"modified":"2022-12-03T08:58:19","modified_gmt":"2022-12-03T13:58:19","slug":"permian-pushes-us-december-oil-production-to-post-pandemic-high","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64348","title":{"rendered":"Permian Pushes US December Oil Production to Post Pandemic High"},"content":{"rendered":"
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Permian Pushes US December Oil Production to Post Pandemic High<\/a><\/h3>\n<\/header>\n
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All of the\u00a0Crude plus Condensate (C + C)<\/strong>\u00a0production data for the US state charts comes from the EIA\u02bcs November Petroleum Supply monthly\u00a0PSM<\/a>\u00a0which provides updated information up to September 2022.<\/mark><\/p>\n

\"\"<\/figure>\n

U.S. September production increased by 289 kb\/d to 12,268 kb\/d.\u00a0\u00a0It should be noted that August\u2019s oil production was revised up by only 4 kb\/d in the current September report.\u00a0The 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.<\/mark><\/p>\n

<\/span>September\u2019s production was at a new post pandemic high and crossed 12,000 kb\/d.\u00a0It is now 732 kb\/d below the pre-pandemic high of 13,000 kb\/d\u00a0<\/strong><\/mark><\/p>\n

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.\u00a0 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.<\/mark><\/p>\n

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.<\/mark><\/p>\n

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.<\/mark><\/p>\n

Oil Production Ranked by State<\/h2>\n
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Listed above are the 10 states with the largest US production. These 10 accounted for 81.9% of\u00a0all\u00a0U.S. oil production out of a total production of 12,268 kb\/d in September 2022.\u00a0<\/mark><\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Permian Pushes US December Oil Production to Post Pandemic High All of the\u00a0Crude plus Condensate (C + C)\u00a0production data for the US state charts comes from the EIA\u02bcs November Petroleum Supply monthly\u00a0PSM\u00a0which provides updated information up to September 2022. U.S. September production increased by 289 kb\/d to 12,268 kb\/d.\u00a0\u00a0It should be noted that August\u2019s oil […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[30682,31409,6245,3640,827,834,1474],"class_list":["post-64348","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-extraction","tag-ovi","tag-peak-oil-barrel","tag-permian-basin","tag-united-states","tag-us","tag-us-oil-production"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64348"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64348\/revisions"}],"predecessor-version":[{"id":64349,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64348\/revisions\/64349"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}