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U.S. Oil Production Rate Fell in December, and Rig Count Down over Past Week
Posted on 2/28/26 at 8:32 am
Posted on 2/28/26 at 8:32 am
quote:
Average daily crude oil production in the United States eased in December to the lowest daily production rate in months, according to the latest EIA data. Total December production, however, was higher than in November.
According to the EIA, U.S. crude oil output averaged 13.655 million barrels per day in December, down from 13.788 million in November and the lowest daily average since June 2025.
The dip from November to December was modest at the national level — roughly 1% — but some regions saw sharper percentage declines. The steepest drop came from North Dakota, where production fell from 1.168 million barrels per day to 1.092 million (-6.5%). Ohio followed with a roughly 6% slide, while Louisiana posted a 3% drop. Texas slipped less than half a percent.
LINK
quote:
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 550 this week, down 43 from this same time last year.
The number of active oil rigs fell to 407 during the latest reporting period, according to the data. This is 79 below this same time last year. The number of gas gained one, reaching 134, which is 32 more than this time last year. The miscellaneous rig count stayed the same at 9.
LINK
President Trump is killing our oil industry.
Posted on 2/28/26 at 8:35 am to ragincajun03
But now we brought freedom to Iranian oil. It's going to get better...right?
Look at those crude oil stockpiles...oof....
Look at those crude oil stockpiles...oof....
This post was edited on 2/28/26 at 8:36 am
Posted on 2/28/26 at 9:12 am to upgrayedd
quote:
Why the drop?
For production, oil prices have been lower that industry would really like in recent months, and it’s been cold as ___ in the Bakken region.
Posted on 2/28/26 at 9:13 am to ragincajun03
Demand for oil is dropping as well. Read into that what you want.
Posted on 2/28/26 at 1:29 pm to fightin tigers
quote:
Demand for oil is dropping as well. Read into that what you want.
This. World economies are in the shitter. Zero and negative interest rates, massive inflation after printing trillions in covid and after, and on and on. It’s why war is the next step
Posted on 2/28/26 at 1:45 pm to ragincajun03
quote:
President Trump is killing our oil industry.
Again
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