US Oil Production Fell to an 11-Month Low in January, EIA Data Shows

(Reuters) – U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday.

That was the biggest decline in monthly U.S. oil output since January 2024, the data showed. The EIA also lowered its estimate of record U.S. oil production in December by about 40,000 bpd to 13.45 million bpd.

Oil output in Texas, the top U.S. oil producing state, fell by 105,000 bpd to 5.58 million bpd, the lowest level since March 2024. That was the largest monthly decline in the southwestern state since January 2024.

New Mexico, the second-largest oil producer in the U.S., also posted its largest monthly output decline in a year. Crude oil output from the southwestern state fell 53,000 bpd to 2.06 million bpd in January, the lowest level since July 2024, EIA data showed.

Gross natural gas production in the U.S. Lower 48 states, meanwhile, fell 1.7% to 116.3 billion cubic feet per day in January, down from a monthly record high of 118.3 bcfd in the prior month, according to the agency.

Among top gas-producing states, monthly output in January fell 1.2% to 36.0 bcfd in Texas and rose 0.1% to 21.4 bcfd in Pennsylvania. Texas’ record monthly production was 36.4 bcfd in December 2024, while Pennsylvania hit its peak of 21.9 bcfd in December 2021.

Reporting by Shariq Khan and Scott DiSavino in New York; Editing by Paul Simao

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