The Energy Information Administration expects US oil production to decline by 270,000 barrels per day to 11.04 million bpd in 2021, down from an earlier forecast of a 160,000-bpd drop. Meanwhile, natural gas production is projected to increase to 91.41 billion cubic feet per day this year and 93.29 Bcd/d in 2022.
EIA revises US oil, gas production forecasts for 2021
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.