U.S. Oil Output in August Fell 3.6% After Storms Shut Gulf of Mexico Facilities

Published

Illustration - A hurricane in the Gulf of Mexico - Credit:zenobillis/AdobeStock
Illustration - A hurricane in the Gulf of Mexico - Credit:zenobillis/AdobeStock

U.S. oil output fell 3.6% to 10.6 million barrels per day (bpd) in August as offshore Gulf of Mexico production collapsed to a near seven-year low, the U.S. Energy Information Administration (EIA) said in its monthly 914 production report on Friday.

That is down 14.9% from the average U.S. output of 12.4 million bpd in August 2019 after producers this year cut back on new drilling as demand destruction from the coronavirus caused crude prices to collapse.

It was also the first time overall crude output declined in three months.

In the federal offshore Gulf of Mexico, crude output collapsed 27.5% to 1.2 million bpd in August - its lowest in a month since October 2013 - as a series of storms caused producers to temporarily shut-in producing wells.

In top crude producing states, meanwhile, output slipped 1.0% in Texas to 4.7 million bpd in August, but jumped 12.3% in North Dakota to 1.2 million bpd.


(Reporting by Scott DiSavino, Reuters)

Current News

DOF Group Announces CSV Contract Award and Extension

DOF Group Announces CSV Contra

Murphy Oil Signs Four Production Sharing Contracts Offshore Cameroon

Murphy Oil Signs Four Producti

SSE Picks Siemens Energy for Turbine, Substation Work at Berwick Bank B

SSE Picks Siemens Energy for T

First Oil Flows from Vietsovpetro's Platform Offshore Vietnam

First Oil Flows from Vietsovpe

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine