Oklahoma’s output in August increased by 1 kb/d to 380 kb/d. During August, Oklahoma had 30 rigs operating.įor the week ending October 29, 43 rigs were operating in Oklahoma. One rig was added in the last week of October for a total of 10.Īlaskaʼ s August output increased by 29 kb/d to 409 kb/d as maintenance started to decline. Colorado has had an average of 9 rigs operating from the end of July to the fourth week of October. North Dakota has officially lost its status as the nation’s second biggest oil producer to New Mexico, according to this sourceĬoloradoʼ s August output increased by 1 kb/d to 391 kb/d. From the end of July to the end of October, the rig count increased by 11.Īccording to the EIA, August’s output was 1,089 kb/d, an increase of 29 kb/d over July. Note the steady increase in rigs since the end of July. New Mexico’s rig count dropped by 1 in the week of October 29 to 85. The steady increase in production is due to a steady increase in rigs as shown in the next chart and the completion of DUCs
![mcf dire grove journal entries mcf dire grove journal entries](https://images-wixmp-ed30a86b8c4ca887773594c2.wixmp.com/intermediary/f/42054c05-26f0-4e41-b0fa-da86194bf521/db3nz5t-645693d9-4329-4cb6-916e-c9c53bf0b837.png)
The increase can be attributed to New Mexico’s Permian which is favoured over North Dakota, where higher production costs have curbed profits, according to this source By the week of October 29, 233 rigs were operating and production is slowly starting to increase.Īugust’s New Mexico production set another new record and increased by 50 kb/d to 1,346 kb/d. In August there were close to 211 oil rigs in operation in Texas. Relative to July 2020, production is up by 93 kb/d. Texas production increased by 18 kb/d in August to 4,834 kb/d. On a YoY basis, US production increased by 557 kb/d. On a MoM basis, the largest increase came from New Mexico with 50 kb/d. These 10 accounted for 82.8% of US production out of a total production of 11,141 kb/d in August 2021.
![mcf dire grove journal entries mcf dire grove journal entries](https://www.moregameslike.com/wp-content/screenshots/mystery-case-files-36560-1.jpg)
Listed above are the 10 states with the largest US production. Also rigs are being added at steady rate in the Permian/New Mexico, more so than other basins/states. To get a better understanding of how long this rate can continue, it will be necessary to fully understand the contribution to output that the completion of DUCs is making, especially in the Permian/New Mexico. Regardless, that would still leave the Big 3 producers increasing monthly production at a rate close to 70 kb/d/mth. A better guess for future monthly growth according to the DPR is closer to 5 kb/d. This is a remarkably different picture for US oil output than many participants paint/forecast on this website.īased on the DPR section below, it is forecasting that output in North Dakota will slow from the 29 kb/d increase posted in August. This is a staggering increase since, if it continued at this monthly rate, it would translate into 1,164 kb/d/yr. The main contributors to this increase were New Mexico, 50 kb/d, North Dakota, 29 kb/d and Texas, 18 kb/d for a total of 97 kb/d. In the onshore lower 48, August production increased by 98 kb/d to 9,197 kb/d. While overall US production was down, a better indication of the health of US oil industry can be gleaned by looking more closely at the onshore L48 states. Unexpected and extensive damage to platforms was done in the GOM. September is forecast to drop further since the impacts of hurricane Ida lasted longer than expected. The EIA’s first estimate for August production in the October report is 81 kb/d higher. The October STEO report forecast US August output would be 11,060 kb/d.
![mcf dire grove journal entries mcf dire grove journal entries](https://www.mobygames.com/images/covers/l/238137-mystery-case-files-dire-grove-collector-s-edition-macintosh-front-cover.jpg)
Note that August production is lower than November 2020, which was 11,168 kb/d, primarily due to Hurricane Ida’s impact on GOM production. July was revised up from 11,307 kb/d to 11,326 kb/d in the October report. August production decreased by 185 kb/d to 11,141 kb/d. The charts below are updated to August 2021 for the 10 largest US oil producing states. After the production charts, an analysis of three EIA monthly reports that project future production is provided. All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM.