SEATTLE (Oil Monster): The latest report published by the U.S. Energy Information Administration (EIA) noted that crude oil production from onshore federal lands have witnessed notable increased during recent years. This is mainly attributed to significant growth in drilling activity and operations.
According to data by the Office of Natural Resources Revenue, onshore crude oil production from federal lands reached a record high of 1.7 million barrels per day (b/d) in 2024. Most of this growth came from New Mexico, where crude oil production from federal lands in the Permian Basin registered substantial surge.
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The increased production from the Permian Basin is mainly on account of increase in the number of leases, drilling permit approvals as well as the significant number of well bores started.
The total crude oil production in 2024 stood at 13.2 million b/d, nearly three times higher when compared with the production of 5.0 million b/d in 2008. However, over the same period, the crude oil production from federal lands has increased nearly six times. In comparison, the crude oil production from offshore federal lands has increased at a slower pace, EIA report said.
