U.S. Oil Production Didn't Reach An All-Time High In 2022, But It Might In 2023
U.S. oil production bounced back in 2022, hitting the second-highest level of all time, behind the 12.3 million bpd record set in 2019.
Source: oilprice.com
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U.S. oil production bounced back in 2022, hitting the second-highest level of all time, behind the 12.3 million bpd record set in 2019.
The U.S. oil rig count rose this week, with the increase in activity divided between the Permian and the Eagle Ford basins
The U.S. rig count fell in the first week of 2023, with both oil and gas rigs inching lower
The U.S. oil rig fell for the second consecutive week this week as WTI crude continues to trade in the lower 70's
Baker Hughes: The number of total active drilling rigs in the United States stayed the same this week