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US EIA: US crude oil production fell by 8% in 2020, the largest annual decrease on record

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million b/d in 2019, according to the US Energy Information Administration (EIA). The production decline resulted from reduced drilling activity related to low oil prices in 2020. million b/d set in 2019. North Dakota had the second-largest decrease at 242,000 b/d (17%) to an annual average of 1.18 million b/d.

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EIA: Permian region expected to drive US crude oil production growth through 2019

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million b/d in 2019. In particular, the Permian region in western Texas and eastern New Mexico is expected to account for more than half of the growth in crude oil production through 2019. million b/d in 2019. EIA forecasts Federal Offshore Gulf of Mexico (GOM) production to grow by 158,000 b/d in 2019 to average 1.9

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