San Antonio Business Journal | Sergio Chapa
The U.S. is now the world’s largest oil producer powered by Texas shale.
Production in the nation’s shale basins has helped the U.S. surpass Russia and Saudi Arabia to become the world’s largest crude oil producer, preliminary figures from the Energy Information Administration show. EIA officials attributed U.S. production growth to increased production in the nation’s shale basins as well as increased offshore activity in the Gulf of Mexico. Production in U.S. shale basins accounts for more than 7.4 million barrels of crude oil per day. The Permian Basin of West Texas accounts for nearly 3.4 million barrels of crude oil per day, the Eagle Ford Shale of South Texas with 1.4 million barrels per day, and the Bakken Shale of North Dakota with 1.3 million barrels per day, the latest EIA figures show.
- Texas shale field production predicted to continue to grow in October September 18, 2018
- Technology And Efficiency Gains Create A “New Normal” For U.S. Shale September 18, 2018
- United States now the largest global crude oil producer September 12, 2018
- North America Will Contribute 44% of Global Crude Oil Pipeline Additions to 2022, Says GlobalData September 5, 2018
- United States Will Drive Growth for Oil Storage Industry in North America September 2, 2018
Sanchez Energy News
- Shale Drillers To Torment OPEC Into Next Decade November 8, 2017
- Sanchez Energy: A Big Bet On Making American Oil Great Again January 25, 2017
- Sanchez Energy Announces Fourth Quarter and Full Year 2016 Operating Results; Additional 110,000 Acres Leased in the Western Eagle Ford January 23, 2017
- Sanchez Energy Announces 2017 Analyst Day January 17, 2017
- Sanchez Energy Announces Conference Call to Discuss Recently Announced $2.3 Billion Eagle Ford Transaction January 12, 2017