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EIA Report Today: US Crude Oil Production Rose to New Record in 2025
Posted on 3/31/26 at 3:46 pm
Posted on 3/31/26 at 3:46 pm
quote:
U.S. crude oil production grew by 3%, or 350,000 barrels per day (b/d), in 2025, setting a new annual production record of 13.6 million b/d, according to our latest Short-Term Energy Outlook (STEO). Production from the Lower 48 states excluding the Gulf of America (L48) accounted for 11.3 million b/d, or 83% of the total U.S. crude oil production in 2025. The rest of the production came from Federal Gulf of America (GOA) and Alaska.
In 2025, the number of active rigs per month in L48 was 5% less than in 2024 and 1% fewer wells were drilled. Despite less rig activity and fewer wells, efficiency improvements that we saw in 2024 continued through 2025 and resulted in a slight increase in crude oil production, with new wells producing 2.9 million b/d of crude oil and wells drilled prior to 2025 producing 8.3 million b/d. Rig and well activity fell in 2025 compared with 2024 because West Texas Intermediate (WTI) crude oil prices fell from $77/barrel (b) in 2024 to $65/b in 2025.
quote:
In 2025, the Permian region in western Texas and southeastern New Mexico produced more crude oil than any other region, accounting for 48% of total U.S. crude oil production. Most of the annual U.S. crude oil production growth in 2025 also came from the Permian, where production grew by 280,000 b/d to 6.6 million b/d.
Oil industry executives responding to the Dallas Fed Energy survey reported the two largest basins in the Permian had breakeven prices of $61/b (Midland Basin) and $62/b (Delaware Basin) in 2025. These prices were lower than the annual average of $77/b, encouraging crude oil production.
quote:
Crude oil production in GOA increased by 111,000 b/d in 2025, averaging 1.9 million b/d for the year. Five new GOA projects—Whale, Ballymore, Dover, Shenandoah, and Leon-Castile—came online in 2025. Production in GOA is driven by many factors, such as water depths, resource sizes, and development costs. Because of the long lead times from development to completion, crude oil prices have little impact on production in the short term.
LINK
Promises Made.
Promises Kept.
5
Posted on 3/31/26 at 3:52 pm to ragincajun03
Can only imagine the heydays being made in the Permian Basin right now with oil prices at the levels they are at now. Should make good material for season 3 of Landman!
Posted on 3/31/26 at 3:53 pm to ragincajun03
quote:
Promises Made.
Promises Kept
Minus that whole no new wars thing
Posted on 3/31/26 at 3:55 pm to ragincajun03
Thank you oil czar Biden
Posted on 3/31/26 at 4:13 pm to cubsfan5150
quote:
Thank you oil czar Biden
694, 378, 576, 543... rig count when trump was sworn in, brandon swear in, trump swear in pt 2, and today
Posted on 3/31/26 at 4:22 pm to MoarKilometers
You understand who to credit prior to the “swearing in”?
Posted on 3/31/26 at 4:31 pm to BilJ
quote:
Minus that whole no new wars thing
No, new wars!
Posted on 3/31/26 at 4:46 pm to ragincajun03
.....and somehow gas is still expensive as frick.
We went full circle and are right back where we started in 2023-2024
We went full circle and are right back where we started in 2023-2024
Posted on 3/31/26 at 5:27 pm to Grenada
quote:
and somehow gas is still expensive as frick.
Global commodity where roughly 20% of supply is now interrupted or unavailable
Posted on 3/31/26 at 8:06 pm to ragincajun03
Haven't we been setting/breaking that record practically every year recently but for during Covid?
Posted on 3/31/26 at 8:10 pm to MoarKilometers
quote:
694, 378, 576, 543... rig count when trump was sworn in, brandon swear in, trump swear in pt 2, and today
The own goal here is a thing of beauty
Posted on 3/31/26 at 8:51 pm to GeneralLee
quote:Louisana should have a royalty bonanza at these prices.
Can only imagine the heydays being made in the Permian Basin right now with oil prices at the levels they are at now. Should make good material for season 3 of Landman!
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