The number of oil and gas rigs in the field in Oklahoma is definitely up from a year ago, but oil production is down more than 20% according to the latest production figures from the U.S. government.
The U.S. Energy Information Administration reported that July 2021 oil production Oklahoma was 380,000 barrels a day, far below the 476,000 barrels a day in July 2020.
The EIA put the decline at 20.2% in the past year. Oklahoma’s July production was also less than June when the average was 392,000 barrels a day.
The decline from June to July 2021 was 3%.
The latest EIA report also showed Texas oil production increased by 0.6% in July when the average was 4,810,000 barrels a day. It was also 1.5% higher than July of 2020 when the state produced an average of 4,741,000 barrels of oil a day.
New Mexico’s July 2021 oil production was 1,295,000 barrels a day, 2.2% higher than June 2021 and a whopping 31.55 more than the 985,000 produced in July 2020.
North Dakota, now the country’s third most oil producing state had July production of 1,055,000 barrels of oil a day, a 0.8% drop from June but 2.2% higher than July 2020 when production was 1,032,000 barrels of oil a day.