Wednesday, March 11, 2020
The U.S. Department of the Interior (DOI) said in February that more than 1 Bbbl of oil were produced in fiscal year 2019 from leases on federal and tribal lands and offshore areas, a historic milestone. The production level marked a more than 29% increase in production compared to the end of the previous administration when output totaled 808.7 MMbbl in 2016. Production was also up 122.5 MMbbl compared to 2018.