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Oil output flat, but gas is up. U.S. crude and condensate production was essentially unchanged for 2001. Although the table below shows slightly negative numbers for the Lower 48 and the U.S. as a whole, the table is an estimate based on preliminary data, especially the last three to six months. Thus, revisions could easily change the results a tenth of a percentage point or two. If oil production does prove negative, it will mark the ninth consecutive year of decline. Although a small gain was expected in 2001, an upward revision of 2000’s output – about 32,000 bpd – erased all of that. Thus, 2000 and 2001 were better than expected, although still negative.
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