EIA's 914 Posted -- February 28, 2022

December, 2021, data. 

From a reader:

EIA 914 out, 0.2MM bopd drop from NOV to DEC. Opposite of my expectation.

https://www.eia.gov/petroleum/production/

Caused by:

1. FGOM. Not sure why, but maybe just decline after the flush production from putting wells back online in NOV, after SEP-OCT hurricanes).

2. NM. Big drop. Not clear why. Lots of rigs there. Almost wonder if something changed in the algorithm or data collection, but they are good at updating old months, so doubt it. But then, not sure why down.

3. ND. Small drop. Cold in DEC. ;-)

4. TX. Small drop. Donno why.

Meanwhile Psaki says no to taking the boot off shale's throat. Wants more Solyndra funding instead for her liberal Goldman/Mckinsey buddies.

https://www.foxbusiness.com/politics/psaki-pushes-renewable-energy-stop-dependence-foreign-oil-instead-of-increasing-us-production.

EIA: 

• US, total: down 1.7%; running about 11.6 million bopd
  

• US field production. By state.

• Texas:
• down 0.3%, unremarkable; running about 5 million bopd 
• Off-shore, GOM:
• down 4.5%; running about 1.7 million bopd
  
• New Mexico:
• down 4.3%, from 1.423 million bopd to 1.362 million bopd 
• North Dakota:
• down 2.1%: from 1.153 million bopd to 1.128 million bopd 
• Alaska
• up slightly, up 1.2% still below 500,000 bopd
• Nothing else matters.