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.
