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Crude and condensate production in the US averaged 5,136,100 bopd (the first year-to-year gain in 16 years), up 0.7% from 2006. This 34,500-bpd rise compares quite favorably with a 38,600-bpd drop last year and is no doubt due to record high oil prices.
Alaskan production continued to fall, averaging 730,700 in 2007. Although production continued to decline, this single year drop of 10,800 bpd is far less than the 168,000 bpd decline in 2006.
Lower-48 production averaged above 4.4 million bopd for 2007, up 1% from 2006. Louisiana ranked first in year-to-year production increase, gaining about 115,800 bopd to average just under 1.36 million bopd. North Dakota came in next with a 9,600-bopd gain and an average daily production of 118,900 bopd.
Texas lost 55,500 bopd, the largest statewide decline, which put its production at just under 1.3 million bopd. California came in next with a 13,400-bopd decrease in 2007.
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Houston, TX - November 4-5
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