Petroleum and other liquids

Production of U.S. crude oil and natural gas plant liquids

U.S. crude oil production U.S. natural gas plant liquids production
AEO2022 Reference case and side cases AEO2022 Reference case and side cases
million barrels per day million barrels per day
2021 2021
25 25 history projections
history projections
High Oil Price
20 High Oil and 20
Gas Supply

15 15
Reference
High Oil and
10 Low Oil Price 10 Gas Supply
Low Oil and High Oil Price
Gas Supply Reference
5 5 Low Oil Price
Low Oil and
Gas Supply
0 0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 2
U.S. crude oil and natural gas plant liquids production and
consumption
Petroleum liquids consumption Crude oil and natural gas plant liquids production
AEO2022 economic growth cases AEO2022 oil and natural gas supply cases
million barrels per day million barrels per day

2021 2021
30 history projections 30 history projections High Oil and Gas
High Eco- Supply
nomic Growth
25 Reference 25
Low Economic Reference
20 Growth 20
Reference, crude
15 15 oil only
Low Oil and Gas
Supply
10 10

5 5

0 0

Note: Petroleum liquids does not include biofuels.

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 3
U.S. petroleum, other liquids, and natural gas production and
consumption
Petroleum and other liquids balance Natural gas balance
AEO2022 Reference case AEO2022 Reference case
million barrels per day trillion cubic feet

2021 2021
25 history projections 45 history projections production
production
40
20 consumption 35
30
consumption
15
25
20
10
15

5 10
5
0 0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 4
U.S. crude oil production
Crude oil production, AEO2022 oil price cases
Reference case Low Oil Price case High Oil Price case
million barrels per day million barrels per day million barrels per day
2021 2021 2021
25 25 25
history projections history projections history projections

20 20 20

15 15 15

10 tight oil 10 10 tight oil

tight oil

5 5 5
Alaska Alaska Alaska
Gulf of Mexico Gulf of Mexico Gulf of Mexico
0 other 0 other 0 other

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 5
U.S. crude oil production
Crude oil production by play
AEO2022 Reference case
million barrels per day
2021
15 history projections
tight oil
Wolfcamp
Bone Springs/
10 Avalon
Spraberry
Eagle Ford
Bakken
5 Niobrara
other tight oil
Alaska
Gulf of Mexico
other
0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 6
Onshore crude oil production in the Lower 48 states
Onshore crude oil production in the Lower 48 states
AEO2022 Reference case
million barrels per day
2021
6 history projections
Southwest
5

3
Northern Great Plains
2 Gulf Coast
Rocky Mountains
Midcontinent
1 East
West Coast
0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 7
U.S. natural gas plant liquids production by region and type
Natural gas plant liquids production by region Natural gas plant liquids production by type
AEO2022 Reference case AEO2022 Reference case
million barrels per day million barrels per day
2021 2021
8 history projections 8 history projections
7 7
natural gasoline
6 East 6 isobutane
5 normal butane
5
Southwest
4 4 propane
3 3
2 rest of United 2 ethane
1 States 1
0 0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 8
U.S. refinery capacity
Refinery capacity
AEO2022 Reference case
million barrels per day
2021
20 history projections

19

18

17

16

15

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 9
U.S. crude oil supply and refinery utilization
Crude oil supply to domestic refineries Refinery utilization
AEO2022 Reference case AEO2022 Reference case
million barrels per day percentage
2021 95% 2021
18
history projections history projections

17
90%

16
85%
15

80%
14

13 75%

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 10
U.S. crude and petroleum and other liquids trade
Total petroleum and other liquids trade Crude oil trade
AEO2022 Reference case AEO2022 Reference case
million barrels per day million barrels per day
2021 2021
16 history projections 16 history projections

12 12
imports imports
8 8

4 4
net imports net imports
0 0

-4 -4 exports
exports
-8 -8

-12 -12

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 11
U.S. petroleum and other liquids trade
Petroleum and other liquids net exports
AEO2022 side cases
million barrels per day
2021
15 history projections

10 High Oil Price

High Oil and Gas
5 Supply
Reference
0
Low Oil Price
-5 Low Oil and Gas
Supply
-10

-15

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 12
U.S. motor gasoline and diesel prices
Retail prices of motor gasoline Retail prices of diesel
AEO2022 oil price cases AEO2022 oil price cases
2021 dollars per gallon 2021 dollars per gallon
2021 2021
$6 history projections $6 history projections High Oil Price

$5 High Oil Price $5

$4 $4 Reference
Reference
$3 $3 Low Oil Price
Low Oil Price

$2 $2

$1
$1

$0
$0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 13
U.S. biofuels production
Biofuels production, AEO2022 oil price cases
Reference case Low Oil Price case High Oil Price case
million barrels per day million barrels per day million barrels per day
2021 2021 2021
2.0 2.0 history projections 2.0 history projections
history projections
biomass-based diesel
1.5 biomass-based diesel 1.5 biomass-based diesel 1.5

1.0 1.0 1.0 total ethanol

total ethanol total ethanol

0.5 0.5 0.5

0.0 0.0 0.0

Note: Other biofuels make up less than 0.2% of biofuel production and are therefore not visible.

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 14
U.S. biomass-based diesel production
Biomass-based diesel production as a percentage of
Biomass-based diesel production petroleum diesel production
AEO2022 Reference case AEO2022 Reference case
million barrels per day percentage
0.25 2021 10% 2021
history projections history projections

0.20 8%
renewable
diesel 6%
0.15

4%
0.10

2%
0.05 biodiesel

0%
0.00 010 013 016 019 022 025 028 031 034 037 040 043 046 049
2 2 2 2 2 2 2 2 2 2 2 2 2 2
-2%

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 15
U.S. biofuels consumption
Energy-related biofuels
consumptionAEO2022 Reference case
million barrels per day

2.0 2021
history projections

1.5

1.0 biomass-based diesel

total ethanol
0.5

0.0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 16
U.S. ethanol and motor gasoline consumption
U.S. ethanol consumption U.S. motor gasoline consumption
AEO2022 Reference case AEO2022 Reference case
million barrels per day million barrels per day
2021 2021
1.4 history projections 14 history projections
1.2 12

1.0 10

0.8 8

0.6 6

0.4 4

0.2 2

0.0 0

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 17
Biofuels as a percentage of U.S. motor gasoline and diesel
consumption
Biofuels percentage of gasoline and diesel consumption
AEO2022 oil price cases
percentage

2021 High Oil Price

15%
history projections

Reference
10%
Low Oil Price

5%

0%

Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) www.eia.gov/aeo 18