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EIA hikes production loss estimate from deepwater ban

07/19/2010
By Nick Snow
The Obama administration's 6-month deepwater drilling moratorium will reduce US crude oil production by an estimated 31,000 b/d during this year's fourth quarter, the US Energy Information Administration predicted in its latest short-term energy outlook. This latest estimate was notably higher than the 26,000 b/d figure in EIA's June monthly forecast.EIA's latest US oil production decline estimate for 2011 resulting from the moratorium was an average 82,000 b/d, higher than the 70,000 b/d estimate in its June forecast. Reductions will increase from a monthly average of 10,000 b/d in September to nearly 100,000 b/d in December 2011, EIA said in the July 7 forecast. It said it would continu...
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