U.S. crude oil production down 7% for 1999

U.S. crude oil production has dropped 7% since the beginning of the year, the American Petroleum Institute reports. It said U.S. output was down 6.9% in April at 5.89 million b/d from the same month in 1998, and Alaskan output was off 9.9% at 1.089 million b/d. Natural gas liquids production fell 10.7% to 1.660 million b/d. API said, "Even though crude oil prices have risen, especially in the last 2 months, wellhead prices that (U.S.) producers receive averaged only $14/bbl, still below 1997 levels. Oil industry employment remained weak, with a total of 55,500 U.S. jobs lost since the end of 1997. And April's rig count (for U.S. drilling rigs searching for oil) averag...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected