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The Department of Energy reported today that the U.S. produced more crude oil in the month of September (almost 6.5 million barrels per day) than in any month since January 1998, almost 15 years ago (see chart above). In just a little more than a year , U.S. oil output has increased by more than one million barrels per day (bpd), from 5.42 million barrels per day in July 2011 to nearly 6.5 million barrels per day in September.
The biggest contributions to the one million bpd increase in U.S. daily oil output since last summer have come from the states of Texas (612,000 bpd increase since July 2011 and the highest output in September since March 1998) and North Dakota (313,000 bpd increase and the highest output in September in any month in state history), which together accounted for 88% of the one million bpd increase in daily oil output over the last 14 months. The other states that have contributed to the increase in daily U.S. oil production since July 2011 are New Mexico (38,000 bpd increase, now producing more oil than any time since 1981), Oklahoma (45,000 bpd increase and the highest output in September since February 1995), Wyoming (17,000 bpd increase and the highest output since May 2000) and Utah (13,000 bpd increase and the highest output since October 1988).
MP: Today’s report from the Department of Energy that the U.S. produced more oil in September than in any month since January 1998, and the fact that the domestic output of crude oil has increased by more than one million bpd in only 14 months, is more evidence of the transformative effect that hydraulic fracturing and horizontal drilling are having on domestic energy production. And the dramatic increases in shale oil in states like North Dakota and Texas are not part of any intentional government energy policy and the oil production is not taking place on government lands. For the significant increases in U.S. oil that have reversed a multi-decade decline in domestic output and brought output near to a 15-year high, most of the credit goes to private-sector enterprises, advanced technologies, private risk-taking investors, and private landowners.
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