U.S. Oil Production Monthly

Highlights:

U.S. oil production as of March was 13.49 million barrels per day, up 2.4% versus last year.  Oil production has grown 46 of 47 months, with the January 2024 freeze-offs accounting for the only hiccup.  Private lands have outpaced Federal onshore growth the last two months.

At 5.71 million barrels per day, Texas represents 42.3% of total U.S. oil production.  It is worth noting that there is no significant Federal acreage in the Lone Star state, it is virtually all privately-owned lands.

The Federal Gulf of Mexico offshore region was 13.3% of U.S. production in March while New Mexico (largely Federal leases) registered at 16.7%.

These three areas combined totaled 72.4% of U.S. oil production.

EnerWrap uses Department of Interior monthly data combined with EIA monthly data to show U.S. oil production by land type on the next two pages.  The DOI data is as of February.

During February private lands represented 73.5%, Federal offshore 13.3%, Federal onshore 11.8% and Native lands were 1.4%.

Private lands produced 9.73 million barrels per day while Fed Offshore & Onshore produced 1.76 million barrels per day and 1.56 million barrels per day, respectively.

Year-over-year growth was 3.3% on private lands, -3.5% on Gulf of Mexico Fed leases and -4.9% on Federal onshore leases.

Full report attached