American Oil and Gas Reporter - November 2016 - 23

five-year average. Pacific Region gas
storage on Oct. 28 was down 50 Bcf
from a year ago.
In the South-Central Region, gas
storage levels on Oct. 28 were 1.318
Tcf, 8.7 percent above the five-year
average and up 157 Bcf from the 1.161
Tcf in storage on Sept. 28, which was
9.3 percent above the five-year average.
The Oct. 28 gas storage level for the
South-Central Region was down 2 Bcf
from a year ago. r

U.S. Crude Oil Production
Posts Gain In September

increased by 2.6 percent compared with
the same period last year. Distillate
production in September dropped by 3.5
percent from the prior year and by 1.4
percent from the prior month, to
average 4.8 MMbbl/d.
API says total U.S. petroleum
imports in September averaged just
under 10.0 MMbbl/d, down 7.1 percent
from the prior month but up 6.4 percent
from the prior year. The report notes
this was the third lowest total for the
month of September in 20 years. Crude
oil imports increased 7.1 percent from
September 2015, averaging 7.7

MMbbl/d.
Crude oil stocks, excluding lease
stocks, ended in September averaging
468.6 million barrels. API says this was
the highest September inventory level in
86 years. Crude stocks were down by
3.3 percent from the prior month but
were up by 9.2 percent from the prior
year.
The latest Manufacturing ISM
Report on Business from the Institute
for Supply Management Survey says
economic activity in the manufacturing
sector expanded in September following
one month of contraction in August. ❒

WASHINGTON-U.S. crude oil
production in September declined 8.9
percent from year-ago levels, the
American Petroleum Institute says in its
October Monthly Statistical Report.
However, it notes at an average of 8.6
million barrels a day, domestic crude
production in September increased by
0.8 percent from August-the first
month-over-month increase in six
months.
Compared with year-to-date 2015,
domestic crude oil production declined
6.1 percent, API says. September crude
production was the third highest for the
month and the second highest year-todate level in 31 years.
September natural gas liquids
production increased from the prior
year, month, quarter and year-to-date,
the report states. NGL monthly
production averaged nearly 3.7
MMbbl/d, the highest level on record
for any month.
According to the latest BakerHughes Inc. report, the number of oil
and gas rigs in the United States posted
the fourth consecutive month of
increases, to 509. That was up 5.8
percent from the previous month, but
remained below year-ago levels for the
21st straight month, down by 40.0
percent.
Production of gasoline fell from the
previous month, averaging nearly 10.0
MMbbl/d in September, the Monthly
Statistical Report says. API points out
this was down 2.6 percent from August.
For year-to-date, gasoline production

Coming In December
The Natural Gas White Papers analyze all the implications of the winter forecast, and what a return to
more normal temperatures means to
seasonal demand.
NOVEMBER 2016 23


http://www.AmtechDrives.com

Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2016

Contents
American Oil and Gas Reporter - November 2016 - 1
American Oil and Gas Reporter - November 2016 - 2
American Oil and Gas Reporter - November 2016 - Contents
American Oil and Gas Reporter - November 2016 - 4
American Oil and Gas Reporter - November 2016 - 5
American Oil and Gas Reporter - November 2016 - 6
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