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Markets

US crude production climbed to record 12.9mn BPD in November

The United States has become the world's largest oil producer with output surging as technological advances have in
Published January 31, 2020
  • The United States has become the world's largest oil producer with output surging as technological advances have increased production from shale formations across Texas
  • Texas and New Mexico both saw output rise in November to record highs of 5.3 million bpd and 1.1 million bpd, respectively.
  • The 1.0-bcfd rise in Lower 48 gas production was the sixth monthly increase in a row but was the smallest since July.

NEW YORK: US crude oil production climbed 203,000 barrels per day to a record high of 12.9 million bpd in November, the US Energy Information Administration (EIA) said in a monthly report released Friday.

The United States has become the world's largest oil producer with output surging as technological advances have increased production from shale formations across Texas, North Dakota and New Mexico.

Texas and New Mexico both saw output rise in November to record highs of 5.3 million bpd and 1.1 million bpd, respectively.

Demand for gasoline eased to 9.2 million bpd in November from 9.3 million bpd in October, while distillates use eased to 4.19 million bpd in November from 4.22 million bpd in October, EIA said.

Meanwhile, monthly gross natural gas production in the US Lower 48 states rose to an all-time high of 107.3 billion cubic feet per day (bcfd) in November from the prior record of 106.3 bcfd in October, according to the EIA's 914 report.

The 1.0-bcfd rise in Lower 48 gas production was the sixth monthly increase in a row but was the smallest since July.

In Texas, the biggest gas producing state, output increased 0.5% to a record high of 29.3 bcfd in November.

In Pennsylvania, the second-biggest gas-producing state, output rose 3.7% in November to a record 19.9 bcfd.

 

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