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US crude oil production fell in December to an average of 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report.
US crude oil production fell an average of 58,000 barrels per day, the EIA said on Friday.
US production of the most prolific PADD, PADD 3, remained the same for the month of December at 7.611 million barrels per day. This includes Texas production and federal production of PADD 3 offshore, as well as New Mexico, Louisiana, Mississippi, Arkansas and Alabama.
The second most prolific crude oil PADD, PADD 2, fell from 1.828 million b / d in November to 1.782 million b / d in December. This includes producers such as North Dakota and Oklahoma.
But the production losses probably did not stop in December.
Although December is the last full month for which there is actual data, the EIA also estimates weekly crude oil production, and those estimates are lower than the 11.063 million bpd seen in the United States in December.
To get a sense of the severity of the drop, average production in December 2019 was over 12.8 million barrels per day, according to EIA data.
For January, the EIA estimated that some weeks had dropped to 10.9 million bpd. And the most recent EIA production estimates for the week ending Feb. 19 put total U.S. crude production at an average of just 9.7 million bpd.
This dramatic drop in crude oil production the week before was likely due to the Texas Freeze, when refinery and crude oil production had to be curtailed due to freezing temperatures that cut power to millions of residents across the country. ‘State.
The EIA estimates that U.S. crude production will not exceed levels seen in 2020 until 2022.
By Julianne Geiger for OilUSD
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