U.S. crude oil production in October hit a record 12.66 million barrels per day (bbl/d), up from a revised 12.48 million bbl/d in September, the U.S. government said in a monthly report on Dec. 31.
Weekly production figures have already shown the United States surpassing 13 million bbl/d in production, but that data is considered less reliable than the monthly figures.
The U.S. has become the world's largest oil producer as technological advances have increased production from shale formations, and it has also become a leading exporter.
U.S. crude exports rose to 3.38 million bbl/d in October, up from 3.09 million bbl/d the previous month, the U.S. Energy Information Administration (EIA) said.
Production in Texas rose to a record 5.27 million bbl/d, the EIA said, while North Dakota also reached a new high of 1.47 million bbl/d. New Mexico's output rose to 982,000 bbl/d, also a record.
U.S. natural gas output in the Lower 48 states rose to a record 106.08 billion cubic feet per day (Bcf/d) in October from a revised 105.09 Bcf/d in September, the EIA said in its monthly 914 report.
Production in the largest gas producer, Texas, fell by 0.5% to 29.14 Bcf/d, and fell by 0.1% in Pennsylvania, the second-largest gas-producing state. Output rose by 7.4% in Alaska.
Recommended Reading
Phillips 66 Calls Open Season for Blue Line NGL Transport
2024-06-10 - Phillips 66 Pipeline’s, a subsidiary of Phillips 66, NGL network Blue Line System provides services from Kansas to Missouri and Illinois.
Deal Change: BANGL Stake No Longer Part of Energy Transfer’s WTG Merger
2024-06-26 - NGL production in Texas is following a growth trend as it recovers from COVID-19, and the BANGL Pipeline's joint venture partners want in.
ONEOK Closes $280MM Deal for NGL Pipelines East of Houston
2024-06-17 - ONEOK Inc. plans to attach the network to its Mont Belvieu, Texas, facilities.
Enterprise Products Partners to Grow NGL Export Capacity in Houston
2024-07-30 - Enterprise Products Partners will expand new refrigeration facilities on the ship channel that are slated for operation in 2026.
Wilson: NGLs are America’s Other Energy Export Boom
2024-08-12 - Robust outlook, interested buyers, willing investors—what’s not to like as NGLs have become America's hottest export product?