US crude output rebounds 4.6% in February, post Storm Heather
Quantum Commodity Intelligence – North American crude output rebounded strongly in February after winter Storm Heather knocked out production in a number of key basins at the start of the year, according to the Energy Information Administration (EIA).
Total US production was calculated at 13.154 million bpd in February, a 4.6% gain versus the previous month's 12.576 million bpd but still below the record 13.295 million bpd recorded last November.
The PADD 3 district, which hosts the southern oil-producing states, registered the largest gains, producing at 9.472 million bpd versus 9.126 million bpd in the storm-hit January.
Texas was by far the largest producer at 5.548 million bpd while neighbouring New Mexico, which it shares the giant shale Permian Basin with, racked up 1.982 million bpd. Federal offshore production from the US Gulf was calculated at 1.8 million bpd.
PADD 2 production in February was up 11.5% at 1.894 million bpd, led by North Dakota with 1.287 million bpd and Oklahoma at 399,000 bpd.
Among the other geographical districts, PADD 4 pumped 944,000 bpd led by Colorado and Wyoming, PADD 5 pumped 736,000 bpd led by Alaska and California, while the East Coast PADD 1 contributed just 58,000 bpd, mostly from West Virginia.
In its Short Term Energy Outlook (STEO) last month, the EIA said it expects average crude production at 13.21 million bpd this year and 13.72 million bpd in 2025, having increased by more than 1 million bpd in 2023 to an average of 12.93 million bpd.
