Salt Lake Telegram | 1918-10-14 | Page 14 | Oil Production in United States Increases

OIL PRODUCTION IN UNITED STATES INCREASES 'Consumption Also Grows . Even Faster Than In-j In-j crease in Output 'Production of crude petroleum In the United State, thla yaar ahould exceed S7e.ftOA.ftM barrel a, a new high record, tn too, M greater than If 17 output of I41.H00.M0, the prevtoua record. Thla la baaed n marketed production Of 1".4.411 barrela for first els. months, a gain of la.vAO.000 over same montha of 1M7. ITrgent demand for crude petroleum products hae enlivened drilling operation, wit h the reeult t hat In the f I rot six montha of thla year tha output waa tha largeet for those montha In tha history of the Indutsry. Marketed pondurtlon for each of the first six montha of 111 hae ehown a substantial sub-stantial gain over tha aame month of last yaar, aa ahown In the following table; 1IR(Hbla January t7.J44.ooo 2,Jn".l71 February 2f..7f.S.7M l.?ta.lo7 March ....tJ.B3.70 27..t.l4 April 2n.mit.ntio 17.104. 044 May ?.7r?VI 37.lU.:':'i June SV.&H4.19S 27.4Sl.ZZa Total -1704.43I 10.1I.SSt (ain of more than ia.roo.ooo barrela In tha flret Six moniha will undoubtedly he exceeded In tha last half, aa weather conditions con-ditions are mora favorable. There are I ttma during the first half when tt la noesihl to operate In only two fields. California and Texaa. In the flrat half Of 117 production waa 10,11.239 barrela. while the second half showed 1NI.43S.741. or 21.000.00o more. While production hao ahown a autnitan-tlal autnitan-tlal gain lu the period from January I to June to. consumption hae ahown even greater at r Idea, and aurplua atocka have been further reduced. Hlocke on hand June 10 wefe 142. 044. 2M barrela, agAlnet 1.l7t.1ll June SO, 117, and K9.S3I.101 January I, 1917.