U.S. crude oil production edged lower in December to 11.85 million barrels per d...
NEW YORK - U.S. crude oil production edged lower in December to 11.85 million barrels per day, its first decline since May, the U.S. Energy Information Administration said in a monthly report on Thursday.
Production in onshore formations in Texas rose by 35,000 bpd in the month and in North Dakota by 18,000 bpd, while production in the federal waters of the Gulf of Mexico fell by 125,000 bpd, according to the report. Meanwhile, gross natural gas production in the Lower 48 states rose for an 11th month in a row to an all-time high of 98.0 billion cubic feet per day in December, up from the prior record of 97.9 bcfd in November, according to the EIA’s 914 production report.
In Texas, the nation’s largest gas producer, output increased to a record high of 25.7 bcfd in December, up 1.3 percent from the prior all-time high in November. That compares with output of 22.7 bcfd in December 2017.
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