EIA improves monthly reporting of crude oil production

With the release of the Petroleum Supply Monthly (PSM) later today, EIA is incorporating the first survey-based reporting of monthly crude oil production based on an expansion of its survey program earlier this year. Today’s PSM includes EIA’s first reporting of June crude oil production. EIA also begins using new survey data from multiple states and regions within the United States, and revises figures previously reported for January through May 2015.EIA estimates U.S. crude oil production in June 2015 at 9.3 million barrels per day (b/d), a decrease of approximately 100,000 b/d from the revised May 2015 figure. Production estimates released in the PSM for January through May were revised downward by 40,000 b/d to 130,000 b/d. The largest revisions in volume include decreases of oil production in Texas (ranging from about 100,000 b/d to 150,000 b/d) and increases in the federal Gulf of Mexico (ranging from about 10,000 b/d to 50,000 b/d). U.S. crude oil production for the first six months of 2015 averaged 9.4 million b/d.The expanded survey collects monthly oil production data from a sample of operators of oil and natural gas wells in 15 individual states and the federal Gulf of Mexico; production from all remaining states and the federal Pacific is reported collectively in an “other states” category. The states and regions individually surveyed include Arkansas, California, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, Wyoming, and the federal Gulf of Mexico.

Source: EIA improves monthly reporting of crude oil production – Today in Energy – U.S. Energy Information Administration (EIA)

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