Texas is by far the largest oil-producing state in the United States. In 2024, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 744.6 million barrels in the same year. Virginia is the smallest producing state in the country, at three thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 19.4 million barrels of oil per day, or a total annual oil production of 827 million metric tons in 2023. As the largest oil producer in the U.S., it is not surprising that Texas is home to the most productive U.S. oil basin, the Permian. The Permian has routinely accounted for at least 50 percent of total onshore production. Regional distribution of U.S. oil production A total of 32 of the 50 U.S. states produce oil. There are five regional divisions for oil production in the U.S., known as the Petroleum Administration for Defense Districts (PADD). These five regional divisions of the allocation of fuels derived from petroleum products were established in the U.S. during the Second World War and they are still used today for data collection purposes. In line with the fact that Texas is by far the largest U.S. oil producing state, PADD 3 (Gulf Coast) is also the largest oil producing PADD, as it also includes the federal offshore region in the Gulf of Mexico. There are around 590 operational oil and gas rigs in the country as of February 2025.

Weekly Crude Oil Production in the United States increased to 13314 Thousand Barrels Per Day in July 25 from 13273 Thousand Barrels Per Day in the previous week. This dataset includes a chart with historical data for the United States Weekly Crude Oil Production.

Key information about United States Crude Oil: Production

• United States Crude Oil: Production was reported at 12,927.088 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 11,910.573 Barrel/Day th for Dec 2022
• US Crude Oil: Production data is updated yearly, averaging 8,135.663 Barrel/Day th from Dec 1960 to 2023, with 64 observations
• The data reached an all-time high of 12,927.088 Barrel/Day th in 2023 and a record low of 4,999.727 Barrel/Day th in 2008
• US Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: Yearly

The Report Covers US Oil and Gas Market Trends and Industry Overview and it is Segmented by Sector (Upstream, Midstream, and Downstream).

The Permian basin is by far the most productive oil basin in the United States. Monthly production in the Permian peaked at nearly six million barrels per day in July 2023. This basin is also known as West Texas Basin, located in western Texas and southeastern New Mexico. Total daily production output in the U.S. climbed to over eight million barrels by late 2021.

The gross output of the U.S. oil and gas extraction industry stood at 478.75 billion U.S. dollars in 2023, up from 652.94 billion dollars in the previous year. Gross output saw a net increase since 2017 and generally reflect changes in crude oil prices and underlying world market developments. Growth in industry's value added Taking into account the cost of services and goods used during production, the industry's value added has increased along greater gross output. In 2023, value added by the U.S. oil and gas extraction industry climbed to over 250 billion U.S. dollars. Trends in domestic oil production Domestic oil production has grown exceptionally since technological advances and historically high oil prices made shale mining profitable. Between 2008 and 2023, U.S. oil production increased nearly three-fold, reaching a new peak in the latter year.

Graph and download economic data for All Employees, Oil and Gas Extraction (CES1021100001) from Jan 1972 to Jun 2025 about extraction, logging, oil, mining, gas, establishment survey, employment, and USA.

The US oil and gas production index measures the change in annual crude oil and natural gas production in the continental United States. Data for both commodities is sourced from the Energy Information Administration, and crude oil production volume has been converted to the equivalent measurement of natural gas. The base year of the index is 2000.

This dataset contains information about world's crude oil prices for 1861-2020. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes: 1861-1944 US Average 1945-1983 Arabian Light posted at Ras Tanura 1984-2016 Brent dated. $2020 (deflated using the Consumer Price Index for the US

US Crude Oil Production data, recent 43 years (traceable to Jan 07,1983), the unit is 1000 bbl/d, latest value is 13375, updated at Jul 11,2025

United States US: Oil Rents: % of GDP data was reported at 0.051 % in 2016. This records an increase from the previous number of 0.049 % for 2015. United States US: Oil Rents: % of GDP data is updated yearly, averaging 0.404 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 3.031 % in 1980 and a record low of 0.049 % in 2015. United States US: Oil Rents: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Land Use, Protected Areas and National Wealth. Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted average;

Forecast: Crude Oil and Condensate Production in the US 2022 - 2026 Discover more data with ReportLinker!

Oil exports from the United States amounted to approximately *** million barrels per day in 2024. This represented an increase of nearly *** percent in comparison to the previous year. As for the total U.S. petroleum exports, figures climbed to **** million barrels per day in 2024.

The Report Covers US Downstream Oil and Gas Companies and the Market is Segmented by Sector (Refining and Petrochemical). The Report Offers the Market Size and Forecasts for Refining Capacity (in Million Barrels Per Day) for all the Above Segments.

United States Imports from United Arab Emirates of Crude Oil was US$1.2 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from United Arab Emirates of Crude Oil - data, historical chart and statistics - was last updated on August of 2025.

The size of the US Oil and Gas Downstream Refining Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 0.92">> 0.92% during the forecast period. The downstream refining business for oil and gas serves as a very critical segment of the energy sector as it focuses strictly on refining and distributing petroleum products. That is, refining crude oil to products like gasoline, diesel, jet fuel, and petrochemicals, among others. Refined products continue to gain buoyancy as transportation needs increase and, likewise, as industrial activities increase; thus, U.S. refineries are undergoing adjustments to keep up with changes in the market. Advances in technology have also impacted refinery efficiency favorably. By streamlining processes and reducing the emission of pollutants, refineries are now effective units. Hydrocracking and catalytic reforming have been some of the sophisticated refining techniques that allow the production of high-quality fuels through facilities with a reduced environmental footprint. The presence of digital technologies and data analytics also improves better decision-making and maintenance practices, thus raising productivity even further. However, the industry is linked with volatility, because of crude oil price volatility, increasing regulatory scrutiny of emission standards, and increasing competition from renewable sources of energy. A move towards a low-carbon economy forces many refineries to explore alternative capacities in the production of biofuels and renewable diesel. Overall, the U.S. downstream refining industry finds itself on the cusp of change, with both the demand for the traditional petroleum products and an emerging demand for sustainability and newness for the market Recent developments include: Nov 2022: Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced it had signed an agreement to acquire full ownership of Beyond6 LLC (B6) and its network of 55 compressed natural gas (CNG) stations across the United States from Chevron's current B6 co-owners, a subsidiary of Mercuria Energy Trading and B6 CEO Andrew West., Jan 2022: Airbus SE announced that it had commenced manufacturing aircraft from its US-based facility. All the aircraft manufactured at the location are expected to operate on a blend of renewable aviation fuel and conventional jet fuel. Airbus SE has taken this initiative in line with its goal of manufacturing zero-carbon-emitting aircraft by 2035.. Key drivers for this market are: Increasing Demand from Various End-user Industries. Potential restraints include: Higher Capital and Operational Cost. Notable trends are: Refining Sector to Register a Modest Growth.

Imports of Crude Petroleum Value in the United States decreased to 12069397 USD Thousand in February from 13689739 USD Thousand in January of 2024. This dataset includes a chart with historical data for the United States Imports of Crude Petroleum Value.

Learn about the EIA's revised forecast predicting a record high in US oil production by 2025, highlighting key economic and trade implications.

United States Crude Oil Price: EIA: Landed Cost of Imports: Canada data was reported at 57.310 USD/Barrel in Aug 2018. This records a decrease from the previous number of 59.000 USD/Barrel for Jul 2018. United States Crude Oil Price: EIA: Landed Cost of Imports: Canada data is updated monthly, averaging 25.060 USD/Barrel from Oct 1973 (Median) to Aug 2018, with 539 observations. The data reached an all-time high of 122.830 USD/Barrel in Jul 2008 and a record low of 4.820 USD/Barrel in Oct 1973. United States Crude Oil Price: EIA: Landed Cost of Imports: Canada data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

United States Crude Oil Supply: Annual: Imports data was reported at 7,969.000 1000 Barrel/Day in 2017. This records an increase from the previous number of 7,850.000 1000 Barrel/Day for 2016. United States Crude Oil Supply: Annual: Imports data is updated yearly, averaging 1,211.500 1000 Barrel/Day from Dec 1910 (Median) to 2017, with 104 observations. The data reached an all-time high of 10,126.000 1000 Barrel/Day in 2005 and a record low of 2.000 1000 Barrel/Day in 1910. United States Crude Oil Supply: Annual: Imports data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB017: Petroleum Overview: by Product.