How do different crude oil prices affect U.S. crude oil and natural gas production?">How do different crude oil prices affect U.S. crude oil and natural gas production?
(Thu, 16 Nov 2023) The November edition of EIA's <em>Short-Term Energy Outlook</em> (STEO) now includes analysis of three crude oil price scenarios and the resulting effects on drilling activity and U.S. crude oil and natural gas production. In particular, the analysis highlights the Permian production region of western Texas and eastern New Mexico, which is the most prolific crude oil production region in the United States and the source of most of the country's associated natural gas production.
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