U.S. oil drilling increasingly focused in Permian Basin

U.S. drilling activity is increasingly concentrated in the Permian Basin, which spans parts of western Texas and southeastern New Mexico. The Permian now holds nearly as many active oil rigs as the rest of the United States combined, including both onshore and...

U.S. crude oil production in 2015 was the highest since 1972

U.S. field production of crude oil increased for the seventh consecutive year, reaching 9.42 million barrels per day (b/d) in 2015. This was the highest crude oil production level since 1972, based on final production numbers in EIA’s Petroleum Supply Annual. Source:...