Replies to post #414196 on Tornado Alley (PROG)

[sortagreen]

Talk to your corporate overlords, bitch.

"in 2020 because of well curtailment and a drop in drilling activity related to low crude oil prices"

well curtailment and a drop in drilling activity related to low crude oil prices
well curtailment and a drop in drilling activity related to low crude oil prices
well curtailment and a drop in drilling activity related to low crude oil prices

If you had a clue about business this would be really fucking obvious


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EIA expects that the United States will import more crude oil to fill the widening gap between refinery inputs of crude oil and domestic crude oil production in 2021 and 2022. U.S. crude oil production declined by an estimated 0.9 million b/d (8%) to 11.3 million b/d in 2020 because of well curtailment and a drop in drilling activity related to low crude oil prices.

EIA expects the rising price of crude oil, which started in the fourth quarter of 2020, will contribute to more U.S. crude oil production later this year. EIA forecasts monthly domestic crude oil production will reach 11.3 million b/d by the end of 2021 and 11.9 million b/d by the end of 2022. These values are increases from the most recent monthly average of 11.1 million b/d in November 2020 (based on data in EIA’s Petroleum Supply Monthly) but still lower than the previous peak of 12.9 million b/d in November 2019.


https://www.eia.gov/todayinenergy/detail.php?id=46776