US crude production in August hits 25-year high for month: API

Washington (Platts)--19Sep2013/428 pm EDT/2028 GMT


US crude oil production rose 20.3% year on year in August to an average of nearly 7.6 million b/d -- the highest output for the month in 25 years, the American Petroleum Institute said Thursday.

Year-on-year production increases have been seen for the past 23 months, boosted by unconventional plays in North Dakota and similar areas, the API said in its September Monthly Statistical Report.

Year to date, domestic crude production is up 15.8% compared with the same period last year.

August production of crude in the Lower 48 states was at its highest in 35 years, averaging 7.1 million b/d, the API said.

North Dakota production from the Bakken formation hit a record level of 891,000 b/d in August, up 27.1% year on year. Production in Alaska, by contrast, averaged 451,000 b/d in August -- the second-lowest level for the month in 37 years.

--Gary Gentile, gary.gentile@platts.com --Edited by Richard Rubin, richard.rubin@platts.com