The Bakken and Eagle Ford basins recorded the highest monthly new-well oil production per rig in June 2024, at 1,747 and 1,639 barrels per day, respectively. In January 2024, adverse weather conditions were responsible for the slump in productivity of the Bakken basin. Despite only ranking third in terms of new-well production, the Permian basin is the largest oil producing region overall.
Monthly new-well oil production per rig in the United States from June 2021 to June 2024, by basin
(in barrels per day)
Characteristic
Anadarko
Appalachia
Bakken
Eagle Ford
Haynesville
Niobrara
Permian
Jun '24
719
241
1,747
1,639
15
1,498
1,400
May '24
717
239
1,745
1,635
15
1,496
1,386
Apr '24
716
238
1,743
1,630
15
1,494
1,372
Mar '24
714
238
1,741
1,625
15
1,491
1,359
Feb '24
713
237
1,740
1,620
15
1,489
1,345
Jan '24
712
237
1,183
1,615
14
1,487
1,332
Dec '23
698
237
1,818
1,580
14
1,472
1,319
Nov '23
681
237
1,792
1,534
14
1,458
1,289
Oct '23
664
237
1,765
1,475
14
1,446
1,260
Sep '23
648
237
1,739
1,411
14
1,435
1,229
Aug '23
632
236
1,710
1,350
14
1,426
1,194
Jul '23
614
235
1,681
1,286
14
1,418
1,159
Jun '23
596
234
1,656
1,237
14
1,409
1,125
May '23
573
233
1,640
1,201
14
1,401
1,103
Apr '23
551
232
1,625
1,182
14
1,392
1,094
Mar '23
530
233
1,614
1,170
14
1,384
1,093
Feb '23
512
238
1,606
1,164
14
1,376
1,093
Jan '23
498
238
1,603
1,165
13
1,368
1,094
Dec '22
488
238
1,606
1,179
13
1,361
1,103
Nov '22
482
235
1,614
1,195
13
1,368
1,114
Oct '22
479
231
1,631
1,212
13
1,374
1,127
Sep '22
480
225
1,655
1,233
13
1,381
1,145
Aug '22
482
218
1,689
1,261
13
1,393
1,169
Jul '22
485
211
1,732
1,300
13
1,407
1,192
Jun '22
487
205
1,777
1,350
13
1,421
1,217
May '22
493
199
1,822
1,421
13
1,450
1,242
Apr '22
505
196
1,869
1,495
12
1,479
1,267
Mar '22
520
193
1,917
1,574
12
1,510
1,293
Feb '22
541
193
1,966
1,640
12
1,540
1,319
Jan '22
565
193
2,017
1,682
12
1,588
1,346
Dec '21
596
195
2,068
1,725
11
1,672
1,373
Nov '21
629
197
2,121
1,806
10
1,778
1,402
Oct '21
665
200
2,176
1,891
9
1,892
1,430
Sep '21
708
204
2,232
1,980
9
2,013
1,459
Aug '21
753
207
2,289
2,074
9
2,118
1,497
Jul '21
805
212
2,347
2,171
9
2,184
1,543
Jun '21
861
219
2,408
2,274
9
2,229
1,591
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The source adds the following information: "(The) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. The metric uses a fixed ratio of estimated total production from new wells divided by the region's monthly rig count, lagged by two months. The metric does not represent new-well oil/natural gas production per newly completed well."
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EIA. (May 14, 2024). Monthly new-well oil production per rig in the United States from June 2021 to June 2024, by basin (in barrels per day) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1135673/us-new-well-oil-production-per-rig-by-region-monthly/
EIA. "Monthly new-well oil production per rig in the United States from June 2021 to June 2024, by basin (in barrels per day)." Chart. May 14, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1135673/us-new-well-oil-production-per-rig-by-region-monthly/
EIA. (2024). Monthly new-well oil production per rig in the United States from June 2021 to June 2024, by basin (in barrels per day). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1135673/us-new-well-oil-production-per-rig-by-region-monthly/
EIA. "Monthly New-well Oil Production per Rig in The United States from June 2021 to June 2024, by Basin (in Barrels per Day)." Statista, Statista Inc., 14 May 2024, https://www.statista.com/statistics/1135673/us-new-well-oil-production-per-rig-by-region-monthly/
EIA, Monthly new-well oil production per rig in the United States from June 2021 to June 2024, by basin (in barrels per day) Statista, https://www.statista.com/statistics/1135673/us-new-well-oil-production-per-rig-by-region-monthly/ (last visited December 23, 2024)
Monthly new-well oil production per rig in the United States from June 2021 to June 2024, by basin (in barrels per day) [Graph], EIA, May 14, 2024. [Online]. Available: https://www.statista.com/statistics/1135673/us-new-well-oil-production-per-rig-by-region-monthly/
Oil industry in the U.S.
