OEF Rapid Review Articles
U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record high levels in 2017, even as oil prices remain low. EIA projects GOM production will average 1.63 million barrels per day (b/d) in 2016 and 1.79 million b/d in 2017, reaching 1.91 million b/d in December 2017. GOM production is expected to account for 18% and 21% of total forecast U.S. crude oil production in 2016 and 2017, respectively.
U.S. Energy Information Administration (EIA)
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Oil production in federal Gulf of Mexico projected to reach record high in 2017
LINK TO THE SOURCE ARTICLE:
Oil production in federal Gulf of Mexico projected to reach record high in 2017