U.S. crude oil, NGL, & natural gas production rose to record levels in March

U.S. production of crude oil, natural gas liquids (NGLs), and dry natural gas all set records in March 2025 and surpassed EIA’s forecast from its May Short-term Energy Outlook (STEO). U.S. crude oil and NGL production rose by a combined 632 kb/d from February levels and were up 811 kb/d from a year ago. Meanwhile, dry natural gas production rose by 2.3 bcf/d to 107.3 bcf/d, a level not reached in EIA’s forecast until late-2026. New Mexico led the crude oil production growth while Louisiana led the dry natural gas production growth.