Pricing, production and the labor market indicate increased activity for the U.S. oil gas industry. Executives offer a less uncertain outlook. The EIA expects another , b d increase between . Oil prices have consistently risen since late December, with WTI in the low $s and Brent .Notes Year to date totals include revised monthly production estimates by state published in Petroleum Navigator. Crude oil production quantities are estimated by state and summed to the PADD and the U.S. level. State production estimates reported by EIA are normally different from data reported by state agencies..Weekly U.S. Field Production of Crude Oil Thousand Barrels per Day . Year Month, Week , Week , Week , Week , Week . End Date, Value, End Date, Value, End Date, Value, End Date, Value, End Date, Value. Year Month, Week , Week , Week , Week , Week . End Date, Value, End Date, Value, End Date .Half a century after US oil production began to peak, sending the world fretting that supplies were running out, the US is once again setting records. Output is topping m barrels per day for the first time since . And it will not stop there. The government s Energy Information Administration forecasts that .
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Hi Ron, I think your call may be correct, it depends how fast the rest of the world declines and how quickly the current US increase slows down, I would guess as late .