Our US oil production estimate uses 1) a modified adjustment which takes into account physical movements in crude imports/exports and 2) associated natural gas production.
In EIA's weekly oil storage reports, the adjustment explains most of the differences in physical movements of the barrels (i.e. imports/exports). Once you net the two out, your leftover adjustment is then applied to your assumed US oil production figure. You can then verify this level with real-time associated gas production.
What is your oil production estimate based on?
Our US oil production estimate uses 1) a modified adjustment which takes into account physical movements in crude imports/exports and 2) associated natural gas production.
In EIA's weekly oil storage reports, the adjustment explains most of the differences in physical movements of the barrels (i.e. imports/exports). Once you net the two out, your leftover adjustment is then applied to your assumed US oil production figure. You can then verify this level with real-time associated gas production.