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US Crude Oil Production Smashes Records

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U.S. crude oil production, topped 10.057 million barrels per day (bpd) in November 2017, shattering a 47-years old record.

U.S. crude oil production, led by record output in Texas and North Dakota, shattered a 47-years old record in November 2017, easing off only slightly in December, according to a report by the Energy Information Administration (EIA) in the U.S. Department of Energy.The reason for the record-breaking performance at the end of last year was due to oil production from shale, which continues to boost global supplies.

According to EIA, U.S. oil producers pumped 10.057 million barrels per day (bpd) in November 2017. Production fell by to 9.949 million bpd in December 2017.

November’s figure passed the previous record of 10.044 million barrels produced daily set in in November 1970. Because of the shale boom the past several years, the United States has surpassed Saudi Arabia as a top oil producer.

More To Come

The EIA predicts domestic oil production to top 11 million bpd late this year.

Phillip Streible, a senior market strategist at RJO Futures in Chicago, told Reuters oil production in the United States should surpass the 11 million bpd mark even earlier than EIA predicts.

“We have a lot more oil to produce and we’ll break through the 11 million barrel-per-day threshold much sooner than expected,” Streible told Reuters on February 28.

Shale deposits in Texas and North Dakota have been responsible for most of the rising production as output there rose sharply around 2000 due to new techniques involving hydraulic fracturing. The fracking revolution has allowed drillers to extract vast amounts of crude from oil fields which were once considered played out.

As a result of this new crude output, U.S. oil imports have been reduced by more than 20 percent during the past decade while oil imports have increased.

Peak Oil Finished

The record-breaking performance of U.S. crude oil producers should put an end to the notion we are on a downward arc for producing energy, says Robert L. Bradley, Jr., CEO and founder of the Institute for Energy Research.

“The happy facts of US oil resources — with new records being set by the month — is a powerful refutation of the peak oil consensus of academic scientists and anti-fossil-fuel environmentalists,” Bradley said. “Two classic market failure arguments against U.S. oil are being refuted before our very eyes: depletion and energy insecurity.

“As it turns out, government intervention was the failure, not markets,” said Bradley. “Fossil fuels are becoming more sustainable, not less, as judged by abundance, affordability, and reliability.”

26 Comments on "US Crude Oil Production Smashes Records"

  1. MASTERMIND on Tue, 15th May 2018 3:47 pm 

    The old Koch brothers far right “Heartland Institute”..They call themselves heartland but are really a fundamentalist religious hate organization. They are the status quo and there isn’t anything scarier on this earth to the status quo than peak oil..I mean look how many trolls they hire for just this stupid

  2. CAM on Tue, 15th May 2018 4:27 pm 

    Maybe a new record, but not if the figure includes refinery gain on imported oil, which the EIA often adds in.

    In any event conventional oil production in the US appears to be something under 3 mbd. In 1970 the 10+ mbd was all conventional oil.

    Hubbert was right on the money. And his analysis didn’t include Alaska .5 mbd or deep water oil.

    By and by the game will play out in both a world and a country that are incredibly ill prepared.

  3. Plantagenet on Tue, 15th May 2018 5:16 pm 

    Hubbert’s claim that 1970 was the all time peak in US oil production is now proven wrong, some 47 years later..

    It will be interesting to see when we hit the real peak in US oil production….I’m thinking it will happen about 2020.


  4. dave thompson on Tue, 15th May 2018 5:32 pm 

    “Hubbert’s claim that 1970 was the all time peak in US oil production is now proven wrong, some 47 years later”.

    Plantagenet, not if you look at the facts of what Hubbert’s study was about and combine it with what they call “crude oil” today. The stuff that is being produced at record levels today is a completely different subject. And does not come close to conventional crude oil of the last century. Have a BEERS!

  5. rockman on Tue, 15th May 2018 5:43 pm 

    CAM – “Maybe a new record, but not if the figure includes refinery gain on imported oil, which the EIA often adds in.” Not sure I follow. As far as I know the EIA stat is for well head production an does not include any refinery gains from domestic or imported oil. “Refinery gains” only refers to the volume of the hydrocarbons coming out of the refineries…not going in nor coming out of the well heads.

    P – “Hubbert’s claim that 1970 was the all time peak in US oil production is now proven wrong.” Actually he didn’t. In his original work he clearly states that his prediction was only for the existing developing trends. He specifically pointed out that future trends, such as offshore and shale trends, were not included in his model. And he was correct.

  6. Mark Ziegler on Tue, 15th May 2018 5:45 pm 

    If we can increase that by Another 9 million barrels a day then we can stop importing Canadian Tar Sands.

  7. rockman on Tue, 15th May 2018 5:51 pm 

    dave – Actually his prediction included a significant amount of production from unconventional reservoirs such as tight sandstones, limestone and shale reservoirs. In fact, the Permian Basin peaked in 1973 and many of its major reservoirs were unconventional. In fact, it was those reservoirs that motivated Halliburton et al to develop frac’ng technology.

  8. dave thompson on Tue, 15th May 2018 6:25 pm 

    Yes Rockman, however the current oil production “peak” is not the same energy dense stuff of yesteryear. Lots of nat gas, plastic feed stock, dillbit for tar sands, gasoline too. However we now face the declining end of what must be realized, the days of good old fashioned conventional oil production is coming to a close.

  9. MASTERMIND on Tue, 15th May 2018 7:19 pm 

    Pretty soon the EIA will include baby oil and scotch whiskey in their oil production totals..

  10. Wolfie52 on Tue, 15th May 2018 7:42 pm 

    Wow, same idiots, and Cheers Plantagenet! thankfully I no longer have to see your moronic GIF.

    Same thing you all were saying 10 years ago, 5 years ago etc! Get out of the basement of mom’s house, and get out into the REAL world.
    Live life and stop telling the same 5 morons how correct you all are and we are all doomed!

  11. Boat on Tue, 15th May 2018 8:15 pm 


    Would miles driven be an indication the world has enough fuel. Have they gone up? Try a Google.

  12. Boat on Tue, 15th May 2018 8:19 pm 


    What if your right and all that exported food went to biofuels instead. I’ve read engines could run 25% with no problem. Less people, more fuel.

  13. MASTERMIND on Tue, 15th May 2018 8:40 pm 

    Wolife is triggered!

  14. MASTERMIND on Tue, 15th May 2018 8:42 pm 


    Bio fuels can’t be produced without oil. You dimwit..Here is a tip..everything runs on oil.

    Corn better used as food than biofuel, study finds

  15. Boat on Tue, 15th May 2018 9:17 pm 


    Permian at least 30 billion, huge amount of ocean on the east coast and the west coast that haven’t been available because of politics. Same with Alaska. Not to mention Canada loves to sell us oil. Worry about the world, N America is set. PS, we can trade Nat gas, buttload of it.

  16. MASTERMIND on Tue, 15th May 2018 9:42 pm 


    Shale oil is a ponzi that is going to crash soon. And it has to be blended with heavier oils. Not much of a substitute if it can’t do any substituting? And it can’t be made into diesel or jet fuel. Check out the diesel stocks right now at the EIA. They are treading water.

    Is Peak Permian Only 3 Years Away?

    Peak U.S. Shale Could Be 4 Years Away

  17. Anonymous on Wed, 16th May 2018 1:17 am 

    CAM: refinery gain is not part of the EIA 924 metric. It is wellhead crude and condensate. NOT “total liquids”. This metric has been around for years. Get up to speed, please. You sound like a crank doomer if you can’t even learn how the numbers work.

  18. Anonymous on Wed, 16th May 2018 1:23 am 

    FWIW, this article is using old data. DEC17 and JAN18 were revised up above 10 million, not just below. Also we have the FEB data out.

    From EIA:

    month prodrate increase
    Feb-18 10,264 260
    Jan-18 10,004 (20)
    Dec-17 10,024 (75)
    Nov-17 10,099 412
    Oct-17 9,687 159
    Sep-17 9,528 286
    Aug-17 9,242 1

    You can see we are up (Dr. Evil voice) ONE MILLION bpd from AUG17 to FEB18 (iow, in 6 months). It has been a COLLASAL recent increase.

  19. deadly on Wed, 16th May 2018 5:37 am 

    The best time of year is here. Time to drive 2000 miles just for fun!

    Happy motoring.

    Forget about oil, it is burned for a reason.

  20. CAM on Wed, 16th May 2018 6:59 am 

    EIA reports have absolutely contained figures that include refinery gain on imported oil. Several years ago I found an EIA report that had two different figures in different parts of the report for oil “produced in the US”. I went to the trouble of emailing the EIA for clarification. They responded with exactly what I stated above. They may or may not still do that, but it makes US production look better when they do.

  21. Dredd on Wed, 16th May 2018 8:24 am 

    Woo hoo, the Creep State is creeping along creepily (Arrested Development: The Creep State).


  22. Mastercam cluggy on Wed, 16th May 2018 8:27 am 

    I’ve been telling you guys that shale is about to collapse for over 8 years now, and I’m still telling you guys that. So listen up and pay attention! Stop sniffing glue and get ready.

  23. rockman on Wed, 16th May 2018 9:49 am 

    CAM – Regardless of what you think you see in those stats it sounds as those you don’t understand what “refinery gains” represent. They only materialize after oil is refined. They have nothing with to do the number of bbls produced domestically or imported. Most important they have ZERO to do with the number of Btu’s involved. IOW there are no Btu’s gains represented in those refinery VOLUME gains. If I recall correctly that was also one of the amateur blunders shorty made claiming Btu’s were lost in the refining method. Those volume gains represent a change in the density of the hydrocarbons coming out of the refinery. The basic refining process is DISTILLATION: the different hydrocarbon molecules are separated. That’s all.

    It’s no different then the volumetric difference between water and ice. The same number of H2O molecules exist in both phases: what changed is density. If you count the number of hydrocarbon molecule both pre and post refining they are essentially the same. What changed is that the density (pounds per cubic foot) post refining is less and thus occupies a larger volume. IOW more bbls. And that larger volume (more bbls) is the “refinery gain”. As such that gain DOES NOT represent an increase in energy.

  24. Anonymous on Wed, 16th May 2018 7:13 pm 

    CAM, the total liquids numbers include refinery gain. These numbers don’t.

    If you have been following peak oil for years you should know the difference. Or is too hard for your little head?

  25. MASTERMIND on Wed, 16th May 2018 7:22 pm 

    Peak oil is not a myth – The Royal Society of Chemistry

    Fracking won’t plug the gap in crude oil’s falling figures, says Chris Rhodes. Oil’s exhaustion is inevitable

    Current data for the decline in oil fields’ production indicates that around 3 million barrels per day of new production must be achieved year on year, simply to sustain supply levels. This is equivalent to finding another Saudi Arabia every 3–4 years. In this context, fracking is at best a stop-gap measure. Conventional oil production is predicted to drop by over 50% in the next two decades and tight oil is unlikely to replace more than 6%.

    Once conventional oil’s rate of loss exceeds unconventional oil’s rate of production, world production must peak. Production of sweet, light crude actually peaked in 2005 but this has been masked by the increase in unconventional oil production, and also by lumping together different kinds of material with oil and referring to the collective as ‘liquids’. (More recently, the term ‘liquids’ is often upgraded to ‘oil’, which is highly disinformative since the properties of the other liquids are quite different from crude oil.)

    Fracking produces mostly shale gas (rather than oil), and the major growth in global ‘oil’ production has been from natural gas liquids (NGL; in part from shale gas). But the principal components of NGL are ethane and propane, so it is not a simple substitute for petroleum.

  26. MASTERMIND on Wed, 16th May 2018 7:24 pm 

    pretty soon the EIA will include Johnson’s baby oil and Bacardi 151 in their “all liquids” totals..Anything oily that burns..

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