Gulf of Mexico production will account for 21% of U.S. production next year

Production from the Gulf of Mexico is expected to continue growing, despite the current price environment. With eight projects that came online in 2015, four expected in 2016, and two more anticipated for next year, the Energy Information Administration expects U.S. offshore production to continue playing a major role in the country’s output.

Based on EIA projections, the Gulf of Mexico will average production of 1.63 MMBOPD in 2016 and 1.79 MMBOPD in 2017, with...

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