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Sept US Crude Production Hit Monthly Record while Gas Falls: EIA

OIL

US crude production in September hit a new monthly record of 13.24m b/d, according to EIA data Nov. 30.

  • Crude production rose 1.7% on the month, the largest monthly rise since March. The overall rise was aided by a boost in output from North Dakota, which rose by 6.5% to 1.3m b/d.North Dakota is the location of Bakken Shale.
  • Natural gas production in the lower 48 states fell around 0.1 bcf/d to 116.3 bcf/d in September. This is down from record levels in August. This is the first monthly decline since June.

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