February 2016, Vol. 243, No. 2

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EIA Revision Boosts Oklahoma Oil Production by 100,000 bpd

EIA’s Petroleum Supply Monthly, published on Jan. 30, includes crude oil production estimates for Oklahoma based on EIA monthly survey data. The new estimates are roughly 100,000 bpd more than those generated by the previous EIA methodology, which was informed by state-reported data. For Oklahoma, the significant discrepancy between production estimates using earlier methodologies and those based on the new 914 survey, which directly samples about 75% of the state’s crude oil production volumes, led EIA to undertake an in-depth evaluation. EIA conferred with a number of large operators with significant production growth to confirm their reported production for 2014 and 2015. Af

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