US crude oil production grew 5.6%, or 0.6 million b/d, in 2022 compared with 2021, averaging 11.9 million b/d, according to the US Energy Information Administration (EIA). EIA said two states, Texas and New Mexico, contributed the most growth.
Attribute the growth to the Permian basin, EIA said, as the basin leads in oil production for the two states. In 2022, for the third consecutive year, crude oil production grew more in New Mexico than in any other US state, EIA said. New Mexico production grew by a state record 0.3 million b/d to 1.6 million b/d.
Crude oil production in the rest of the US grew by 0.6% (33,000 b/d). Of the eight remaining states with 0.1 million b/d or more of oil production in 2022, production increased from 2021 in five states and decreased in three states, EIA said.
Production in California decreased for the eighth consecutive year, and production in Alaska decreased for the fifth consecutive year. In North Dakota, production declined for the third consecutive year in 2022.
US crude oil production continued to grow year over year by an average of 1.2 million b/d in January and February 2023 and the growth is expected to continue. In its May Short-Term Energy Outlook, EIA forecast total US crude oil production will climb to 12.5 million b/d in 2023 and to 12.7 million b/d in 2024.