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April 11, 2012

US Crude Oil Production Back over 6 million barrels per day for the first time since 2000

US crude oil production is over 6 million barrels per day (weekly Energy Information Administration Report





Net imports of oil are at about 7.5 million barrels per day, which is about the level they were in 1996.




The US produces about 10.5 million barrels per day of all oil liquids. So there would be about 80 million barrels per day of all liquids produced in the rest of the world.

At the end of 2011 for oil liquids.

Saudi Arabia – 11.2 mbd
Russia – 10.2 mbd
United States – 10.1 mbd [now 10.42 mbd]
China – 4.3 mbd
Iran – 4.2 mbd

The US has added about 0.4 mbd. So the US could be second to Saudi Arabia for oil liquids.
The US has a higher ratio of non-crude. Natural gas liquids has 70% of the energy content per gallon.

Russia – 9.8 million barrels a day (mbd)
Saudi Arabia – 9.5 mbd
United States – 5.7 mbd [now 6.1 mbd]
China – 4.1 mbd
Iran – 4.1 mbd

Texas oil commissioner has talked about increasing Texas production from 1.15 mbd to 4 million barrels per day by 2016. That plus increases from North Dakota and the Gulf of Mexico could the USA the number one oil producer by 2016.


US production of other oil liquids (natural gas liquids, ethanol amounted to 4.386 million barrels per day The US had a total oil liquid production of 10.42 million barrels per day.



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