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U.S. oil output fell 28,000 bpd in March to 12.7 mln bpd – EIA

U.S. crude oil production fell 28,000 bpd, or 0.2%, in March to 12.716 million barrels per day, the lowest level since October, the U.S. Energy Information Administration said in a monthly report.

Abundant U.S. crude production is being throttled back in response to oversupply and low demand due to the coronavirus pandemic.

Oil output fell in most states, and in federal waters in the Gulf of Mexico, but rose in Texas, the largest-producing state. Output in Texas climbed 1.2% to 5.42 million bpd in March, according to the report.

Monthly gross natural gas production in the U.S. Lower 48 states, meanwhile, increased for the first time in four months to 105.41 billion cubic feet per day (bcfd) in March from 105.21 bcfd in February, according to the EIA 914 report.

That compares with an all-time monthly high for gas output of 107.04 bcfd in November.

In Texas, the biggest gas producing state, output rose 0.9% to a record 29.85 bcfd in March from 29.59 bcfd in February.

In Pennsylvania, the second-biggest gas-producing state, output slipped 0.6% to 19.68 bcfd in March. The state’s all-time high was 19.92 bcfd in November.
Source: Reuters (Reporting By Jessica Resnick-Ault Editing by Marguerita Choy)

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