US oil production gains change the energy landscape

Bob TippeeOGJ EditorThe Independent Petroleum Association of America has called attention to a stealthy trend changing the energy landscape: US production of crude oil and gas liquids is increasing.Not many years ago, US production was thought to have entered a period of perpetual decline. Even fewer years ago, the assumption was that the only producing region able to yield increases was the Outer Continental Shelf.Events have scuttled those expectations.IPAA points out that between the first quarter of 2008 and first quarter of 2011, US output of crude oil and gas-plant liquids increased by slightly more than 500,000 b/d.Last year, total average crude and liquids production was 7.5 milli...

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