After a harsh winter in January that reduced oil and gas output, U.S. drillers are ramping up again, with the February average daily gaining 600,000 bpd from January, according to data from the Energy Information Administration. In the first month of the year, production dropped by 700,000 bpd from the previous month, however, so there is still some rebounding due to the return to end-2023 production levels. Severe winter weather prompted cuts in production in January, with North Dakota alone having to slash output by as much as…
