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U.S. Oil Production Monthly

U.S. Near All-Time Highs

Highlights:

U.S. oil production as of April was 13.25 million barrels per day, up 4.7% versus last year.  Oil production has grown 34 of the last 36 months on a year-over year basis compared with the longest consecutive stretch of 56 months from 2011-2015 and 38 months from 2016 to 2020.

At 5.64 million barrels per day, Texas represents 42.5% 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 13.8% of U.S. production in April while New Mexico (largely Federal leases) registered at 15.0%.

These three areas combined totaled 71.4% of U.S. oil production.

During February private lands represented 73.6%, Federal offshore 13.5%, Federal onshore 11.5% and Native lands were 1.4%.

Private lands produced 9.65 million barrels per day while Fed Offshore & Onshore produced 1.77 million barrels per day and 1.50 million barrels per day, respectively.

Year-over-year growth was 6.8% on private lands, -5.1% on Gulf of Mexico Fed leases and 4.8% on Federal onshore leases.

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