Key drivers for EIA's short‐term US crude oil production outlook
Key drivers for EIA's short‐term US crude oil production outlook
Key drivers for EIA's short‐term US crude oil production outlook
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Overview of the <strong>crude</strong> <strong>oil</strong> <strong>production</strong> <strong>for</strong>ecast<br />
The growth in U.S. <strong>crude</strong> <strong>oil</strong> <strong>production</strong> over the past several years has come largely from onshore<br />
basins in which exploration and <strong>production</strong> (E&P) companies are most active (Figure 1). Currently, the<br />
most important basins <strong>for</strong> <strong>production</strong> growth are:<br />
<br />
<br />
<br />
The Williston Basin in North Dakota and Montana, which includes the Bakken Formation<br />
The Western Gulf Basin in south Texas, which includes the Eagle Ford Formation<br />
The Permian Basin in West Texas and southeast New Mexico, which includes the Spraberry and<br />
Wolfcamp <strong>for</strong>mations 1<br />
Figure 1. <strong>Key</strong> onshore <strong>crude</strong> <strong>oil</strong> <strong>production</strong> basins<br />
Note: Counties with at least one producing well from 2008 to present are shaded. Basins are represented with dashed outlines.<br />
The seven model regions are indentified with leading numbers in legend.<br />
Source: U.S. Energy In<strong>for</strong>mation Administration analysis of data from DrillingInfo.<br />
1 The Denver Basin in Colorado and Wyoming and the Anadarko and Arkoma basins in north Texas, Oklahoma, and<br />
Arkansas, while currently producing much less than the other three <strong>oil</strong> basins, are prospects <strong>for</strong> significant<br />
<strong>production</strong> growth.<br />
U.S. Energy In<strong>for</strong>mation Administration | STEO Supplement: U.S. Crude Oil Production Outlook 2