• 3 minutes Australian power prices go insane
  • 7 minutes Wind droughts
  • 11 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 8 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 8 hours What-If - Russia decided to take out the Saudi and Kuwait oilfields
  • 11 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days "As the Earth Cools, the Climate Change Hoax Heats Up" by Michelle Edwards
  • 8 hours PROFOUND ! "Russian Ruble relaunched linked to Gold and Commodities" by the famous Ronan Manly -- (NOTE the censorship by the MultiPolar New World Order of The Great Reset))
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 2 days The United Nations' AGENDA 2030 - The vision for One World Governance ...an article by the famous Dr Robert Malone
  • 4 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

U.S. Crude Production Sinks In May

  • EIA: U.S. field production of crude oil fell in May to an average of 11.595 million barrels per day.
  • The figures vary significantly from what the EIA had originally estimated for May.
  • the EIA sees crude production average 12.77 million bpd next year.

U.S. field production of crude oil fell in May to an average of 11.595 million barrels per day (bpd), new data from the Energy Information Administration showed on Friday.

That figure is down from 11.652 million bpd in April—a 57,000 bpd decline. May’s production figures are just 239,000 bpd above where they were at the same time last year, and 1.247 million bpd below pre-Covid levels.

U.S. crude oil production fell in May in PADDs 1 and 3, and rose in PADDs 2, 4, and 5. The largest state gain by far was in North Dakota, which saw its production increase from 895,000 bpd to 1.049 million bpd in May. Texas, meanwhile, saw drops in production from 5.017 million bpd to 4.965 million bpd—a level that is even under those seen in December of last year, showing no production growth in Texas at all across those five months.

New Mexico’s production dropped in May too, from 1.508 million bpd to 1.497 million bpd.

The figures vary significantly from what the EIA had originally estimated for May. The EIA had previously estimated that U.S. crude production in May would rise to 11.74 million bpd.

The Energy Information Administration estimated in its latest Short Term Energy Outlook that U.S. crude would average 11.91 million bpd this year, and 12.77 million bpd next year—a figure that if realized, would set a new record for U.S. production. 

For June, the EIA estimated that production had risen to average 11.89 million bpd.

With U.S. crude oil inventories down 6% from the five-year average, even with roughly a million barrels per day coming out of the Strategic Petroleum Reserve, the news that U.S. production faltered in May and has failed to make any significant gains since last year contributed to Friday’s price increase, with WTI exceeding $100 per barrel, up more than 4% on the day.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • Mamdouh Salameh on July 29 2022 said:
    US crude oil production has been sinking since the pandemic in 2020. Yet, the US Energy Information Administration (EIA) claimed two days ago that US oil production averaged 12.1 million barrels a day (mbd) during the week to July 22.

    Even the declined figure of 11.595 mbd in May must be taken not with a pinch of salt but with tons of salt.

    My estimate of US production is somewhere between 9.5 mbd and 10.0 mbd.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News