Five US States Help Boost US Oil Production
While Texas and North Dakota's boom in oil production have been well-publicized, five other western U.S. states made a notable contribution to the growth in U.S. oil production since 2010, the U.S. Energy Information Administration (EIA) reported Tuesday.
Onshore oil production, including crude oil and lease condensate, grew by over 2 million barrels of oil per day (bopd), or 64 percent, in the U.S. Lower 48 from February 2010 to February 2013.
Production in the Williston Basin in North Dakota and Texas' Eagle Ford play and Permian Basin outpaced other regions. However, gains in other Lower 48 states added up to approximately 320,000 bopd of production from February 2010 to February 2013, including the 290,000 bopd in Oklahoma, New Mexico, Wyoming, Colorado and Utah.
Production in each state rose between 23 percent and 64 percent, EIA noted in its Petroleum Supply Monthly report.
Oklahoma and New Mexico production averaged over 530,000 bopd in February 2013, roughly the same as California's oil production in February. Production in Oklahoma and New Mexico grew by 51 percent and 46 percent from February 2010 to February 2013, mainly due to production gains in the Anadarko and Permian Basins.
Production in Wyoming and Colorado grew by 23 percent and 64 percent. Top producing basins in both states include the Powder River, Greater Green River and Denver basins.
The recently discovered Convenant field in central Utah's thrust belt and production from the Uinta and Paradox basins helped boost Utah oil production by 45 percent from February 2010 to February 2013.
EIA attributed the production increase to the application of horizontal drilling and hydraulic fracturing technology to low-permeability rocks to the growth in U.S. oil production. Enhanced oil recovery techniques such as carbon dioxide injection also are boosting production from conventional reservoirs.
The oil and gas industry spent $65.5 billion to drill over 10,000 shale oil and natural gas wells in 2011, the American Petroleum Institute reported last month in its 2011 Joint Association Survey on Drilling Costs.
Investment by foreign oil and gas companies has also played a significant role in the development of U.S. shale plays, EIA reported in early April.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Senior Editor | Rigzone
- USA EIA Hikes Up 2023 and 2024 Brent Oil Price Forecasts
- Macquarie Group Reveals Oil Market Outlook
- Chevron Starts Up Gorgon Extension Project
- Biden Urged to Demand Climate Emergency as Smoke Chokes Washington
- Eni Inks Deal to Build Hybrid Renewables-Gas Plant in Kazakhstan
- Oil Down as Demand Concerns Supercede Saudi Cuts
- Enagas Opens Logistics Bidding for Mothballed Asturias Terminal
- ADNOC Chief: Shift from Fossil Fuel Unavoidable
- Improved Wage Offer Ends North Sea Dispute
- Global Oil Demand for Road Transport to Peak in 2027: BNEF
- Saudis Remind Global Oil Market Who is King
- Saudi to Cut Output by 1MM BPD in Solo OPEC+ Move
- Data Science is the Future of Oil and Gas
- Debt Ceiling Deal Becomes Law
- Two Main Forces Have Come Together to Pull Down Commodity Prices
- What Do Latest OPEC+ Moves Mean?
- Fatality At North Rankin Complex
- USA Shale Seen Holding Firm on Returns
- Par Pacific Completes Buy of ExxonMobil Refinery
- Latest Troll Try Spits Dust
- Which Generation Is Most in Demand in Oil, Gas Right Now?
- Who Is the Most Prolific Private Oil and Gas Producer in the USA?
- BMI Reveals Latest Brent Oil Price Forecasts
- Is There a Danger That Oil and Gas Runs out of Financing?
- BMI Projects Gasoline Price Through to 2026
- What Will World Oil Demand Be in 2023?
- North America Rig Count Reduction Rumbles On
- What New Oil and Gas Jobs Will Exist in the Future?
- What Does a 2023 USA Recession Mean for Oil and Gas in the Country?
- USA Oil and Gas Supported Nearly 11MM Jobs