© 2024 Wyoming Public Media
800-729-5897 | 307-766-4240
Wyoming Public Media is a service of the University of Wyoming
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Transmission & Streaming Disruptions

Oil Production Hits Highest Level Since 1971

Despite the recent downturn in prices, oil production in the US has continued to climb.

The Energy Information Administration's most recent figures, from April, show production that month reached 9.7 million barrels a day—the most oil the US has produced since 1971.

Many major oil producing states didn’t follow that trend though. Wyoming’s crude output fell in April, although it remained well above the average for recent decades. Production also fell in other major oil producing states, like Texas, North Dakota and Colorado.

The US benchmark crude oil, West Texas Intermediate, is currently selling for just under $60 a barrel—up from a low in March of around $40 a barrel, but still down significantly from the $100 a barrel it was fetching at this time last year.

Related Content