Complete U.S. crude oil manufacturing, together with lease condensate, is projected to common 13.41 million barrels per day this yr within the U.S. Vitality Data Administration’s (EIA) newest quick time period vitality outlook (STEO) – however the place will this oil come from?
Effectively, in its newest STEO, which was launched on August 12, the EIA forecast that 11.15 million barrels per day of the projected whole determine of 13.41 million barrels per day will come from Decrease 48 states, excluding the Gulf of America.
Of this 11.15 million barrel per day determine, 6.53 million barrels per day will come from the Permian area, 1.18 million barrels per day will come from the Bakken area, 1.13 million barrels per day will come from the Eagle Ford area, 0.19 million barrels per day will come from the Appalachian area, 0.03 will come from the Haynesville area, and a pair of.09 million barrels per day will come from the remainder of the Decrease 48 states, the EIA projected within the STEO.
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The EIA expects the Federal Gulf of America to supply 1.83 million barrels per day of the entire 2025 determine and Alaska to supply 0.43 million barrels per day of this yr’s whole U.S. crude oil manufacturing determine, the August STEO confirmed.
The EIA’s newest STEO highlighted that whole U.S. crude oil output, together with lease condensate, averaged 13.21 million barrels per day in 2024.
Decrease 48 states, excluding the Gulf of America, produced 11.02 million barrels per day of that determine, the report identified. Of this 11.02 million barrel per day determine, 6.30 million barrels per day got here from the Permian area, 1.23 million barrels per day got here from the Bakken area, 1.16 million barrels per day got here from the Eagle Ford area, 0.16 million barrels per day got here from the Appalachia area, 0.03 million barrels per day got here from the Haynesville area, and a pair of.15 million barrels per day got here from the remainder of the Decrease 48 states, the EIA’s August STEO highlighted.
The Federal Gulf of America supplied 1.77 million barrels per day of the entire 2024 U.S. crude oil manufacturing determine, and Alaska produced 0.42 million barrels per day, the EIA’s newest STEO confirmed.
Quarterly Breakdown
In its August STEO, the EIA projected that whole U.S. crude oil output will common 13.39 million barrels per day within the third quarter of this yr and 13.50 million barrels per day within the fourth quarter. This manufacturing got here in at 13.28 million barrels per day within the first quarter and 13.46 million barrels per day within the second quarter, the EIA’s newest STEO highlighted.
The EIA projected within the STEO that Decrease 48 states, excluding the Gulf of America, will produce 11.16 million barrels per day within the third quarter and 11.20 million barrels per day within the fourth quarter. Manufacturing from this section was 11.06 million barrels per day within the first quarter and 11.19 million barrels per day within the second quarter, the STEO identified.
Federal Gulf of America manufacturing is forecast within the STEO to common 1.82 million barrels per day within the third quarter and 1.86 million barrels per day within the fourth quarter. Alaska output is projected to return in at 0.40 million barrels per day within the third quarter and 0.44 million barrels per day within the fourth quarter, within the STEO.
The STEO confirmed that Federal Gulf of America manufacturing averaged 1.79 million barrels per day within the first quarter and 1.84 million barrels per day within the second quarter. It identified that Alaska manufacturing got here in at 0.44 million barrels per day within the first quarter and 0.43 million barrels per day within the second quarter.
The EIA’s August STEO outlined that its Federal Gulf of America manufacturing figures comprise crude oil manufacturing from U.S. Federal leases within the Gulf of America. It additionally highlighted that its Decrease 48 states regional manufacturing figures are based mostly on geographic areas and never geologic formations.
To contact the creator, e mail andreas.exarheas@rigzone.com
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