Five states and the Gulf of Mexico produce more than 80% of U.S. crude oil

Thursday, April 10th, 2014 and is filed under Oil and Gas Current Events, Texas Oil and Gas Investing

US Crude Oil Production

Crude oil production in Texas has grown from 25% of U.S. oil production to 35%. Production in the Permian Basin has been the driving factor behind this substantial increase.

North Dakota’s Bakken Shale area is also a major producer in U.S. oil production with a 12% share overall.

The following chart is from the U.S. Energy Information Administration and shows how 5 states – Texas, North Dakota, California, Alaska, and Oklahoma – and the Gulf of Mexico produce more than 80% of U.S. crude oil.

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