US oil production sees a boost in September
Wednesday, December 9, 2020
Although production is still diminished in comparison to 2019, crude oil production is on the rise, according to the Energy Information Administration’s monthly report released on Nov. 30.
September’s oil production reached 10.860 million barrels per day on average — an increase of 286,000 barrels per day when compared to the previous month. However, September production was still down significantly when compared to 2019.
The increase in September over August was mostly due to offshore oil production off the Gulf of Mexico, which saw a 315,000 bpd increase to 1.510 million bpd.
Learn more: OilPrice.com > U.S. oil production is on the rise again
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Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
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