U.S. oil output continued to increase in October 2019. Production reached a new high of 12,655 kb/d. The output of all tight oil basins was 8,165 kb/d in November and increased by 95 kb/d from 8,070 kb/d in October. 95% of the projected January output is required to offset the decline from all of the earlier wells. World C + C production fell by 1,585 kb/d to 80,736 kb/d in September 2019. By OVI All of the oil production data for the US states comes from the EIAŹ¼s Petroleum Supply Monthly. In addition, information from other EIA offices is provided to project future US output. At the end, an estimate is made for the decline rate in the L48 conventional oil fields and an analysis of a few different EIA reports is undertaken. The charts below are updated to October 2019 for the 10 largest US oil-producing states (>100 […]