EIA: US crude oil production will increase to new records in 2023 and 2024
Green Car Congress
JANUARY 26, 2023
Increased production in the Permian region and, to a lesser extent, in the Federal Offshore Gulf of Mexico (GOM) drives the forecast growth in production. EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions. Producers currently flare some of the natural gas they produce.
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