U.S. monthly new-well oil production per rig 2024

The Bakken and Eagle Ford basins recorded the highest monthly new-well oil production per rig in April 2024, at 1,743 and 1,630 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 April 2021 to April 2024, by basin (in barrels per day)

Characteristic	Anadarko	Appalachia	Bakken	Eagle Ford	Haynesville	Niobrara	Permian
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
May '21	916	227	2,469	2,356	9	2,274	1,640
Apr '21	955	235	2,533	2,416	9	2,297	1,673

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Release date

2024

More information

Region

United States

Survey time period

April 2021 to April 2024

Supplementary notes

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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U.S. monthly new-well oil production per rig in 2021-2024, by region

Monthly new-well oil production per rig in the United States from April 2021 to April 2024, by basin (in barrels per day)

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Monthly new-well oil production per rig in the United States from April 2021 to April 2024, by basin (in barrels per day)

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Oil industry in the U.S.