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Posted March 30, 2015Today in Energy

U.S. oil production growth in 2014 was largest in more than 100 years ›

U.S. crude oil production (including lease condensate) increased during 2014 by 1.2 million barrels per day (bbl/d) to 8.7 million bbl/d, the largest volume increase since recordkeeping began in 1900. On a percentage basis, output in 2014 increased by 16.2%, the highest growth rate since 1940. Most of the increase during 2014 came from tight oil plays in North Dakota, Texas, and New Mexico where hydraulic fracturing and horizontal drilling were used to produce oil from shale formations. More


Source: EIA, Petroleum Supply Monthly

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Data Highlights

WTI crude oil futures price

3/26/2015: $51.43/bbl

up$7.47 from week earlier
down$48.83 from year earlier

Natural gas futures price

3/26/2015: $2.672/mmBtu

down$0.141 from week earlier
down$1.730 from year earlier

Weekly coal production

3/21/2015: 18.184 million tons

down0.323 million tons from week earlier
down1.567 million tons from year earlier

Natural gas inventories

3/20/2015: 1,479 Bcf

up12 Bcf from week earlier
up575 Bcf from year earlier

Crude oil inventories

3/20/2015: 466.7 mmbbl

up8.2 mmbbl from week earlier
up84.2 mmbbl from year earlier

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