February 1, 2018
United States Crude Oil Production Hits 10 Million Barrels a Day
Texas Produced Nearly 40% of the Nation’s Crude Oil in November, Cementing America as a Global Energy Leader
AUSTIN – For the first time in nearly 50 years, United States crude oil production hit 10 million barrels a day, according to newly-released data from U.S. Energy Information Administration (EIA).
“American crude oil is a gamechanger in international trade, global politics and domestic energy security,” said Todd Staples, president of the Texas Oil & Gas Association. “Crude oil imports are down 20% from 2006 and today, we are competing with the Middle East in the export market. These outcomes were unthinkable a decade ago and are a direct result of our strong workforce, dedication to technology and consistent regulations and policies.”
Nearly 40% of nation’s crude oil produced in November came from Texas, which leads the nation in oil and natural gas production, according to the EIA report. Soaring production, especially in West Texas’ Permian Basin, is driving massive investment in pipelines, other energy-related infrastructure and petrochemical manufacturing along the Texas Gulf Coast, according to Staples.
“Texans are unrelenting competitors and remarkable resiliency has enabled the United States to be among the world’s leading crude oil producers,” said Staples. “Crossing the 10 million barrel per day threshold is another reminder of the importance of the oil and natural gas industry in securing our economy, our environment and our future.”
+++