2025 was a record production year for the Gulf. Assuming the continued absence of tropical storms, 2026 will likely surpass 2025.
The EIA’s Gulf production revisions have been more significant in recent months. For example, May production was increased by 48,000 bopd over the past 2 months. Yesterday’s report increased June production by 44,000 bopd.
More importantly, the EIA and official ONRR production totals for 2025 are now aligned! Is the EIA reading this blog? 😉
The July production bump in the Pacific was slightly less than expected. Given that Sable reported July production of 38,000 bopd and the production estimate for the other platforms is ~12,000 bopd, a total of 50,000+ bopd was expected.
And with it looking less and less likely that we will see any, or at least much, hurricane related downtime, it is very likely that annual GOM production data will be a record in 2026. It could average over 2 million BOPD for the year.
Sorry Bud, I realize my comment was a repeat of your opening comments.
No problem. Glad we are on the same page!