EIA: Oil production in US grew 14.3% in March

US crude oil output jumped 14.3 percent to 11.2 million barrels per day (bpd) in March from 9.8 million bpd in February, the US Energy Information Administration (EIA) said in its monthly production report on May 28, Report informs referring to Reuters.

Output sank 1.3 million bpd in February when extreme weather froze natural gas and oil wells and cut power supplies to millions of customers in Texas and other South Central US states.

That 1.4 million bpd increase in March was the biggest monthly gain on record, according to EIA data going back to 2005.

Most of the increases were in the biggest producing states, with Texas up 26.4 percent to an 11-month high of 4.7 million bpd and New Mexico up 17.6 percent to a record 1.2 million bpd.

In North Dakota, meanwhile, output gained just 1.4 percent to 1 million bpd.

Meanwhile, monthly gross natural gas production in the US Lower 48 states jumped by a record 7.8 billion cubic feet per day (bcfd) in March to an 11-month high of 102.6 bcfd after falling by a record 8.1 bcfd in February to a 31-month low of 94.8 bcfd, EIA said.

Gross natural gas output peaked at 107.1 bcfd in December 2019.

In top gas-producing states, output rose 18.5 percent in Texas to 27.8 bcfd in March and held steady in Pennsylvania, near a record high of 21.2 bcfd.