Texas Leads U.S. Crude Output

U.S. Energy Information Administration reports U.S. oil production hit 5.9 million barrels per day.
Texas supplies 42% of U.S. crude and 30% of natural gas despite 20.4% fewer rigs.
Permian Basin rig productivity rose 14.1% and Eagle Ford Shale 8.7%, boosting Texas production.
EIA raised demand estimates, projecting 5.9 million b/d growth through 2026.
Ten Texas and New Mexico counties account for over 42% of U.S. oil production.

Energy | Economy | Production

United States

1 month ago