U.S. oil output rose 538,000 bbl/d in July to 10.984 million bbl/d, up from 10.446 million bbl/d in June, the U.S. Energy Information Administration (EIA) said in a monthly report on Sept. 30.
Oil production fell in March, April and May as U.S. crude producers were reeling from falling prices due to the coronavirus pandemic. While oil prices have continued to be under pressure due to low demand, they have recovered from the record lows seen in March.
July oil output was boosted by gains in North Dakota, Texas and offshore the U.S. in the Gulf of Mexico (GoM).
Output in Texas, the largest oil producing state and home to the Permian Basin, rose 103,000 bbl/d in July from June. North Dakota oil output rose 157,000 bbl/d in the same period, and offshore output in the GoM rose by 85,000 bbl/d.
Monthly gross natural gas production in the U.S. Lower 48 states, meanwhile, rose by 1.9 Bcf/d in July to 100.8 Bcf/d, its highest monthly average since April, according to the EIA 914 report.
Tags Hart Energy U.S. Energy Information Administration (EIA) United States of America
Check Also
World’s Largest Climate Fund Sees Few Investment Opportunities
Alterra, the world’s largest private climate investment fund of $30 billion launched by the United …