Oil Production Forecast

Oil Production Forecast for the United States, North America, Inventories and Days of Supply, Updated May 11, 2024



Generally updated Monthly around the first week of the month.

 

Production Data from the Energy Information Association website, Rig Count from Baker Hughes Rigcount, Oil Price from FRED(Federal Reserve Economic Data)

For more information on this page see the recent post, What moves the price of oil.

This Oil Production forecast was generated using production data from the Energy Information Association Website and a proprietary forecast model.  The model uses the actual rig count, and average well production type curves to do a forward forecast of what may happen in the future.  Like all models it has assumptions that will change as more data is released and is always compared to actual production to test the robustness of the model.

 

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