U.S. Crude Oil Production Highest In 14 years

By Newsroom America Staff at 8 Jun 2012

(Newsroom America) -- Total U.S. crude oil production during the first quarter of 2012 has topped 6 million barrels per day (bbl/d) for the first time in 14 years.

The Energy Information Administration (EIA) said strong growth in U.S. crude oil production since the fourth quarter of 2011 is due mainly to higher output from North Dakota, Texas,and federal leases in the Gulf of Mexico.

After passing California in December 2011 to become the third largest oil producing state, North Dakota then jumped ahead of Alaska in March 2012 as the state with the second largest oil output. Texas remains far ahead in the number one production spot.

After remaining steady between 5.5 million and 5.6 million bbl/d during each of the first three quarters of 2011, EIA estimates that U.S. average quarterly oil production grew to over 5.9 million bbl/d during the fourth quarter and then surpassed 6 million bbl/d during the first quarter of 2012, according to the latest output estimates from EIA's May Petroleum Supply Monthly report.

The last time U.S. quarterly oil production was above 6 million bbl/d was during October-December 1998.

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