Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

US not rushing trade deals ahead of August deadline, will talk with China, Bessent says – Oil & Gas 360

July 21, 2025

CEP announces major oil discovery in Baltic Sea, offshore Poland

July 21, 2025

U.S.-China talks could shift to sanctioned oil, says Treasury Secretary

July 21, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » USA EIA Reveals Latest USA Crude Oil Production Forecast
Earnings Reports

USA EIA Reveals Latest USA Crude Oil Production Forecast

omc_adminBy omc_adminJuly 21, 2025No Comments7 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The U.S. Energy Information Administration (EIA) revealed its latest U.S. crude oil production forecast in its July short term energy outlook (STEO), which was released earlier this month.

In its July STEO, the EIA projected that U.S. crude oil production, including lease condensate, will average 13.37 million barrels per day across 2025 and 2026. The STEO highlighted that this output came in at 13.21 million barrels per day in 2024.

The EIA forecast in its July STEO that U.S. crude oil production will average 13.36 million barrels per day in the third quarter of this year, 13.43 million barrels per day in the fourth quarter, 13.42 million barrels per day in the first quarter of 2026, 13.48 million barrels per day in the second quarter, 13.33 million barrels per day in the third quarter, and 13.26 million barrels per day in the fourth quarter. 

In its latest STEO, the EIA projected that Lower 48 States, excluding the Gulf of America, will provide 11.14 million barrels per day of the total 2025 U.S. crude oil output figure and 11.09 million barrels per day of the total 2026 figure. The EIA expects the Federal Gulf of America to provide 1.80 million barrels per day of this year’s total and 1.84 million barrels per day of next year’s total, and Alaska to provide 0.43 million barrels per day of the 2025 total and 0.44 million barrels per day of the 2026 total, the STEO showed.

In its previous STEO, the EIA forecast that U.S. crude oil production, including lease condensate, would come in at 13.42 million barrels per day this year and 13.37 million barrels per day next year.

The EIA projected in its June STEO that U.S. crude oil production would average 13.52 million barrels per day in the second quarter of 2025, 13.41 million barrels per day in the third quarter, 13.43 million barrels per day in the fourth quarter, 13.36 million barrels per day in the first quarter of 2026, 13.45 million barrels per day in the second quarter, and 13.34 million barrels per day across the third and fourth quarters of next year.

In its previous STEO, the EIA forecast that Lower 48 States, excluding the Gulf of America, would provide 11.17 million barrels per day of the total 2025 U.S. crude oil output figure and 11.09 million barrels per day of the total 2026 figure. The EIA expected the Federal Gulf of America to provide 1.81 million barrels per day of this year’s total and 1.85 million barrels per day of next year’s total, and Alaska to provide 0.43 million barrels per day of the 2025 total and 0.44 million barrels per day of the 2026 total, that STEO showed.

A data page on the EIA website showing monthly U.S. field production of crude oil, which was last updated on June 30 and which includes data from January 1920 to April 2025, showed that monthly U.S. field production of crude oil has averaged 13 million barrels per day or more on 20 occasions.

Five of those were in 2023, 11 were in 2024, and four were in 2025, according to the data page, which showed that the highest monthly U.S. field production of crude oil figure came in April 2025, at 13.468 million barrels per day.

A data page on the EIA site showing annual U.S. field production of crude oil, which was also last updated on June 30 and which includes data from 1859 to 2024, showed that annual U.S. field production of crude oil averaged 13.208 million barrels per day in 2024. Prior to this, annual U.S. field production of crude oil had never averaged 13 million barrels per day or more, the data revealed. The closest it came to an annual average of 13 million barrels per day was in 2023, at 12.935 million barrels per day, the data showed.

“We forecast U.S. crude oil production will generally decline from almost 13.5 million barrels per day in April 2025 to 13.3 million barrels per day by the end of 2026, practically unchanged from our June STEO,” the EIA said in its July STEO.

“The drop in U.S. crude oil production reflects our expectation that the WTI crude oil spot price will fall through 2026, ending the year at $53 per barrel, a decline of about 22 percent from the June 2025 price. Declining prices mean U.S. oil producers will drill and complete fewer wells,” it added.

U.S. producers have slowed drilling and completion activity this year, the EIA noted in its latest STEO.

“In 1H25, well completions in the oil-producing regions of the Lower 48 states totaled 5,164 wells. This number excludes Alaska and the Gulf of America, which do not produce tight oil and are subject to different investment and production cycles,” it added.

“It also excludes Haynesville and Appalachia, which primarily produce natural gas. This year had the fewest completions in the first six months of any year since 2021,” it said.

Last year, higher oil output per well meant that U.S. crude oil production grew despite relatively low well completions, the EIA stated in its July STEO.

“This year, productivity growth has been mixed; crude oil production from newly completed wells is growing more slowly or declining in the major oil-producing regions,” it noted.

“We assess the muted productivity growth will be insufficient to offset the low drilling and completion activity observed in the falling rig count and number of wells completed,” the EIA added.

“With falling crude oil prices in our forecast, we expect recent downward trends in rig counts and well completions to continue,” it said.

“We estimate that U.S. producers would have to complete more than 5,400 wells in 2H25 to match the number of wells completed in all of 2024. About the same number of wells (5,500) were completed in 2H23 when oil prices were much higher,” the EIA went on to note.

The EIA states on its website that it collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

The organization describes itself on its site as the statistical and analytical agency within the U.S. Department of Energy (DOE) but states in its STEOs that the views in those reports do not represent those of the DOE or any other federal agencies.

It adds on its site that it is “the nation’s premier source of energy information, and, by law, its data, analyses, and forecasts are independent of approval by any other officer or employee of the U.S. government”.

To contact the author, email andreas.exarheas@rigzone.com

element
var scriptTag = document.createElement(‘script’);
scriptTag.src = url;
scriptTag.async = true;
scriptTag.onload = implementationCode;
scriptTag.onreadystatechange = implementationCode;
location.appendChild(scriptTag);
};
var div = document.getElementById(‘rigzonelogo’);
div.innerHTML += ” +
‘RIGZONE Empowering People in Oil and Gas‘ +
”;

var initJobSearch = function () {
//console.log(“call back”);
}

var addMetaPixel = function () {
if (-1 > -1 || -1 > -1) {
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);

/*End Meta Pixel Code*/
} else if (0 > -1 && 82 > -1)
{
/*Meta Pixel Code*/
!function(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=function(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, document,’script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1517407191885185’);
fbq(‘track’, ‘PageView’);
/*End Meta Pixel Code*/
}
}

// function gtmFunctionForLayout()
// {
//loadJS(“https://www.googletagmanager.com/gtag/js?id=G-K6ZDLWV6VX”, initJobSearch, document.body);
//}

// window.onload = (e => {
// setTimeout(
// function () {
// document.addEventListener(“DOMContentLoaded”, function () {
// // Select all anchor elements with class ‘ui-tabs-anchor’
// const anchors = document.querySelectorAll(‘a .ui-tabs-anchor’);

// // Loop through each anchor and remove the role attribute if it is set to “presentation”
// anchors.forEach(anchor => {
// if (anchor.getAttribute(‘role’) === ‘presentation’) {
// anchor.removeAttribute(‘role’);
// }
// });
// });
// }
// , 200);
//});



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Canteen Workers at Exxon Refinery Due to Strike

July 21, 2025

FTC Retracts Ban vs Hess, Pioneer Leaders

July 18, 2025

What Is The Biggest Oil Discovery of All Time?

July 18, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

CEP announces major oil discovery in Baltic Sea, offshore Poland

By omc_adminJuly 21, 2025

Central European Petroleum (CEP) has made a significant oil discovery in the 100% owned and…

bp names Albert Manifold as new chairman to replace Lund

July 21, 2025

Sol Systems Secures $675 Million to Build 500 MW of Solar and Storage Across Three U.S. States

July 21, 2025

EcoVadis: 87% of U.S. Companies Boost Sustainability Budgets as ESG Debate Intensifies

July 21, 2025
Top Trending

Petrobras Appoints New Chief of Energy Transition and Sustainability

By omc_adminJuly 21, 2025

Guest Post – CARB’s Latest FAQ: Your Guide to Clearer CA Climate Disclosures

By omc_adminJuly 21, 2025

Sol Systems Secures $675 Million to Fund Solar & Storage Projects Across U.S.

By omc_adminJuly 21, 2025
Most Popular

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20251 Views

The 5 Best Soundbars of 2025

May 6, 20251 Views
Our Picks

U.S.-China talks could shift to sanctioned oil, says Treasury Secretary

July 21, 2025

How US Student Visa Restrictions Are Reshaping Global Academic Power Dynamics

July 21, 2025

Oceaneering Signs Contracts with Esso, USA Navy Division

July 21, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.