US oil/NG production and oil imports from Russia: actual EIA #s
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Started by WxFollower - March 4, 2022, 11:38 a.m.

Here are some actual numbers:


1. US NG production rose to a record annual number of 93.6 bcf/day in 2021 and hit a record monthly level of 97.6 in December of 2021 just before the cold January of 2022 caused a moderate drop due largely to freeze-offs mainly in the Permian basin and this has continued through Feb. Even so, it was still at 95.5 in January of 2022, which is a record high for January and is significantly higher than the 92.8 of Jan of 2021. It is projected to rise back starting this month and then reach a record smashing year in 2022 at 96.1 (old record 93.6 in 2021) and then even higher at 2023 at 98.0:


“We estimate dry U.S. natural gas production averaged 95.5 Bcf/d in the United States in January, down 2.1 Bcf/d from December 2021. Production in January was lower due, in some part, to freezing temperatures in certain production regions. We forecast natural gas production to average 95.6 Bcf/d in February and 96.1 Bcf/d for all of 2022, driven by natural gas and crude oil price levels that we expect will be sufficient to support enough drilling to sustain production growth. We expect production to rise to an average of 98.0 Bcf/d in 2023.”


https://www.eia.gov/dnav/ng/hist/n9070us2A.htm


https://www.eia.gov/outlooks/steo/


2. US is a net exporter of NG and the exports have increased to record levels thanks largely to LNG being sent to Europe, which reduces their need for Russian NG. So, the US is helping in this regard.


“We estimate that U.S. LNG exports averaged 11.2 billion cubic feet per day (Bcf/d) in January 2022, up from 10.4 Bcf/d in 4Q21, supported by large price differences between the Henry Hub price in the United States and spot prices in Europe and Asia. In particular, inventories in Europe remain much lower than their five-year averages and are contributing to strong demand for LNG imports. We expect high levels of U.S. LNG exports to continue into 2022, averaging 11.3 Bcf/d for the year, a 16% increase from 2021.“


3. US crude oil production averaged over the last 4 weeks is at 11.6 mbpd, which is 1.2 mbpd higher vs one year ago, when it averaged only 10.375 mbpd for the 4 weeks ending 2/26/21.


Also,

“U.S. crude oil production reached almost 11.8 million b/d in November 2021 (the most recent monthly historical data point), the most in any month since April 2020. We forecast that production will rise to an average of 12.0 million b/d in 2022 and 12.6 million b/d in 2023, which would be record-high production on an annual-average basis. The previous annual average record of 12.3 million b/d was set in 2019.”


4. Unfortunately, US imports from Russia of crude oil and petroleum products (not NG) have been strongly increasing since 2018:


2018: 137 mb

2019: 190 mb

2020: 198 mb

2021: 245 mb


U.S. Imports from Russia of Crude Oil and Petroleum Products (Thousand Barrels)

Hopefully, the projected increases in US production to 12.0 mbpd in 2022 and to a new record of 12.6 mbpd in 2023 will help us sharply reduce imports from Russia.

Comments
By metmike - March 4, 2022, 1:40 p.m.
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Thanks Larry!

We can always count on you for providing the definitive  data/statistics to shine a light on any discussion where that's relevant!