Crude petroleum, petroleum products, and natural gas liquids: 1976 (final summary)
Production of crude petroleum (including lease condensate) in the United States in 1976 averaged 8,132,000 barrels per day, a decrease of 243,000 barrels per day, or 2.9% below the 1975 level, reports the Energy Information Administration, United States Department of Energy. Imports of crude oil in 1976 averaged 5,287,000 barrels per day, 28.8% higher than a year ago. Of the total crude oil imported in 1976, 4,545,000 barrels per day, or 86.0% of the total, came from OPEC countries. Stocks of crude oil, both domestic and foreign, totaled 285,471,000 barrels at the end of 1976, 14.1 million barrels above the 1975 year-end level. The average value of crude oil at the wellhead in 1976 was $8.14 per barrel, an increase of $.58 per barrel above the 1975 average price. The number of oil wells completed in 1976 totaled 17,059 compared with 16,408 in 1975. Production of products at natural gas processing plants during 1976 totaled 1,604,000 barrels per day compared with 1,633,000 barrels per day for 1975. Total disposition of primary supply of all oils in 1976 averaged 17,698,000 barrels per day, including domestic product demand of 17,461,000 barrels per day, refined products exports of 215,000 barrels per day, crude oil exports of 8,000 barrels per day and crude losses of 14,000 per day. Domestic demand for major products in 1976 showed daily average gains of 4.5% for gasoline, 9.9% for distillate fuel oil, and 13.8% for residual fuel oil, while the domestic demand for jet fuel declined by 1.4%. Crude oil input to refineries rose in 1976 to 13,416,000 barrels per day. Refined products stocks at the end of 1976 totaled 707,723,000 barrels, reflecting a stock decrease of 40.1 million barrels during the year.
- Research Organization:
- Department of Energy, Washington, DC (USA). Energy Information Administration
- OSTI ID:
- 6071508
- Report Number(s):
- DOE/EIA-0108(76)
- Country of Publication:
- United States
- Language:
- English
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