1.9 MMBOPD expected in 2019
The Permian is setting new records for basin production, but it is far from the only location achieving all-time high oil output. The EIA reports the Gulf of Mexico produced an average of 1.65 MMBOPD, the highest yearly level on record. This was achieved despite the disruptions caused by hurricanes in the fall and pipeline issues in December.

Based on forecasts from the EIA’s Short-Term Energy Outlook, the GOM will build on this record, achieving even higher production in 2018 and 2019. The EIA estimates the Gulf...

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