U.S. monthly new-well oil production per rig in 2021-2024, by region

Published by Statista Research Department, May 15, 2024

The Bakken and Eagle Ford basins recorded the highest monthly new-well oil production per rig in April 2024, at 1,743 and 1,630 barrels per day, respectively. In January 2024, adverse weather conditions were responsible for the slump in productivity of the Bakken basin. Despite only ranking third in terms of new-well production, the Permian basin is the largest oil producing region overall.

Monthly new-well oil production per rig in the United States from April 2021 to April 2024, by basin (in barrels per day)

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Source

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Release date

2024

Region

United States

Survey time period

April 2021 to April 2024

Supplementary notes

The source adds the following information: "(The) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. The metric uses a fixed ratio of estimated total production from new wells divided by the region's monthly rig count, lagged by two months. The metric does not represent new-well oil/natural gas production per newly completed well."

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