Since the COVID-related supply decline, U.S. crude oil production has recovered by 1.6 million barrels per day. However, despite significant recovery across U.S. shale oil basins, production remains 1.1 million barrels per day below the pre-COVID peak.

U.S. Crude Oil Production New EIA Data Reveals Shortfalls — figure 2
Fig. 2 of 2 · Chart 2022-28 · Source: EPRINC

From the EPRINC Chart of the Week archive.

Cite: EPRINC, “U.S. Crude Oil Production New EIA Data Reveals Shortfalls,” Chart of the Week 2022-28, July 11, 2022.

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North American Shale and Tight OilOil Production Outlook and Peak Oil DebatePetroleum and Natural Gas