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Posted April 26, 2017Today in Energy

Permian Basin oil production and resource assessments continue to increase ›

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day (b/d) in May, based on estimates from EIA’s Drilling Productivity Report. Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. More


Source: EIA, Drilling Productivity Report

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Data Highlights

WTI crude oil futures price

4/25/2017: $49.56/barrels

down$2.85 from week earlier
up$6.92 from year earlier

Natural gas futures price

4/25/2017: $3.043/MMBtu

down$0.102 from week earlier
up$0.980 from year earlier

Retail gasoline price

4/24/2017: $2.449/gal

up$0.013 from week earlier
up$0.287 from year earlier

Crude oil inventories

4/21/2017: 528.7 million barrels 

down3.6 million barrels from week earlier
up19.4 million barrels from year earlier

Weekly coal production

4/15/2017: 14.938 million tons

up1.173 million tons from week earlier
up4.243 million tons from year earlier

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