Thursday, August 7, 2014

Top Ten Oil Producing States in the United States

Based upon statistics published by the United States Energy Information Administration, the United States has been experiencing a great oil production boom in recent years.

In September of 2008, the country was producing roughly four million barrels of oil per day. In December of 2012, production of oil in the United States averaged just over seven million barrels of oil per day. That is an increase of 75%.
These are the ten states in the United States that are producing the most barrels of oil per day according tothe United States Energy Information Administration.
Top Ten Oil Producing States in the United States
1. Texas - 2.22 million barrels of oil per day
Oil production in Texas had been in a steady decline for decades, and hit rock bottom in 2005, with a daily total of a little over 1 million barrels of oil per day. Today, that has all changed, as Texas is now producing over 2.22 million barrels of oil per day.
That easily makes Texas the largest producer of oil in the United States. If Texas was a country, it would rank as the 14th largest producer of oil in the world.
Texas produces right around 30% of all the oil that is produced today in the United States. Production from large shale formations in Texas, particularly the Eagle Ford formation, are why Texas oil production is booming today.
2. North Dakota - 769,000 barrels of oil per day
At 769,000 barrels of oil per day, North Dakota is now the second largest producer of oil in the United States. The Bakken shale formation is located mainly in North Dakota, and the ability to extract oil from shalehas caused a massive oil boom in North Dakota.
From 1990 to 2005, oil production in North Dakota ran from 70,000 to 100,000 barrels a day. Production then started rising steadily above 100,000 barrels per day, and has really surged over the last few years. The boom appears to be far from over, as production has more than doubled from 364,000 barrels per day in May of 2011, to the 769,000 barrels in December of 2012.
3. Alaska - 556,000
Oil production in Alaska has actually been in a pretty steady decline since it peaked at 2.1 million barrels of oil per day in March of 1988. Alaska is still the third largest producer of oil in the country at 556,000 barrels per day, but unless something changes, production is going to continue to decline in the Frontier State.
4. California - 526,000
California is the fourth largest producer of oil in the United States at 526,000 barrels per day. Like Alaska, though, oil production in California has been declining steadily from its peak of 1.1 million barrels per day reached in February of 1986. There are big shale deposits in California, though, so things could change in the Golden State in the near future.
5. Oklahoma - 262,000
Oil production in Oklahoma, which had been declining for decades, is now on the rise. From a low of 140,000 barrels of oil per day in April of 2009, production rose to 262,000 barrels per day in December of 2012.
6. New Mexico - 243,000
At 243,000 barrels of oil per day, New Mexico is the sixth largest producer of oil in the United States. The state has steadily produced an average of around 200,000 barrels of oil per day for decades, and is just starting to see a surge that is carrying oil production well over that average for the last two years.
7. Louisiana - 202,000
Back in the 1980s, Louisiana produced some 500,000 barrels of oil per day. That total has fallen to just 202,000 barrels today, which still ranks seventh in the country.
8. Wyoming - 161,000
Wyoming produced some 300,000 barrels of oil per day in the 1980s, but production has leveled off to around 150,000 barrels per day over the last decade or so. There are a number of shale deposits in Wyoming, so production could ramp up again sometime in the near future.
9. Colorado - 152,000
Oil production in Colorado is on the upswing. Since 1980, this state had never produced 100,000 or more barrels of oil per day. This changed in March of 2011 when Colorado started crossing over the 100,000 barrels of oil per day mark, and has surged to 152,000 barrels of oil per day today.
10. Kansas - 118,000
The state of Kansas is the 10th largest producer of oil in the United States today. Kansas has always been a steady producer of oil, but has not really experienced any type of boom to date.

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