U.S. Oil & Gas Production, LNG Exports: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
U.S. Sees Record Oil & Gas Production in December - U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA) on Thursday. On the oil side, total production of crude and condensates increased to 413 million barrels in December from 376 million barrels in the final month of 2022. Production was running at 13.3 million barrels per day (BBL/d) in December, an increase of 1.2 million BBL/d (10%) from a year earlier. For the year as a whole, output increased to 4,721 million barrels in 2023, up from 4,347 million in 2022. Dry gas production climbed to a seasonal record of 3,300 billion cubic feet (Bcf) in December from 3,107 Bcf a year earlier. For the year as a whole, production hit a record 37,883 Bcf, up from 36,353 Bcf in 2022. (Reuters)

U.S. Drillers Add Rigs - Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) reports that U.S. drillers added three net rigs this week. Oil rigs showed a gain of three to 506. The natural gas rig count declined by one to 119, while miscellaneous rigs rose by one. (Baker Hughes)

LNG
U.S. LNG Exports Fall in February on Outage and Fewer Days - A month-long closure at Freeport LNG's (Houston, Texas) liquefied natural gas (LNG) plant in Texas and fewer days in the month pushed February U.S. LNG exports 7% lower than in January, preliminary data from financial firm LSEG showed on Friday. U.S. exports of the fuel fell to 7.73 million metric tons (MT) in February, down from 8.3 MT in January and a record 8.6 MT shipped in December. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the Freeport plant profile. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).