Oil production in the United States amounted to around 857.9 million metric tons in 2024, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2024, figures increased by 490 million metric tons.

Crude Oil Production in the United States increased to 13468 BBL/D/1K in April from 13450 BBL/D/1K in March of 2025. This dataset provides the latest reported value for - United States Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, oil production in the United States reached 19.4 million barrels per day, the highest value within the period of consideration. The United States currently produces more oil than any other country in the world. Why has U.S. oil production increased? As U.S. oil production has more than doubled since the 2008 recession, imports of crude oil to the United States have decreased. An upsurge in foreign oil prices during the financial crisis, particularly from OPEC countries located mainly in the Middle East, motivated the U.S. energy industry to find ways to increase production domestically. Developments in extraction technology During the recession, investors took advantage of low-interest rates to develop costly oil extraction processes such as hydraulic fracturing. Also known as “fracking,” this extraction method made it possible to access shale oil deep underground that was once out of reach. Texas and New Mexico are major sites of shale reserves and have thus become the two largest oil-producing states in the country.

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.

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

Weekly Crude Oil Production in the United States decreased to 13385 Thousand Barrels Per Day in July 4 from 13433 Thousand Barrels Per Day in the previous week. This dataset includes a chart with historical data for the United States Weekly Crude Oil Production.

Graph and download economic data for Real Gross Domestic Product: Oil and Gas Extraction (211) in the United States (USOILGASRGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, private, real, industry, GDP, and USA.

The Permian basin is the region with the largest number of oil rigs in the United States. As of end of February 2025, there were 302 active rigs in the basin. This was more than seven times the number of rigs in Eagle Ford, which ranked second. Both basins are mainly located in Texas. The number of operational U.S. oil and gas rigs stood at around 590 units around the same time. U.S. oil industry In the years following the development of sophisticated extraction methods for shale oil and gas, the U.S. has grown to become the world’s leading oil-producing country, ahead of Saudi Arabia. U.S. oil production peaked in 2023, at nearly 19.4 million barrels per day. U.S. as an oil exporter In December 2015, the U.S. lifted a longtime ban on exports of crude oil from the U.S. Since then, the amount of oil exported from the U.S. has also increased significantly. In line with a production increase, 2023 also saw the largest amount of oil exports from the U.S. The leading oil exporters globally included large producer countries such as the U.S., Saudi Arabia, and Russia.

This data release contains several datasets that provide an overview of oil and gas well history and production of the United States, from 1817 to September 1, 2022. Well history data is aggregated into 1-mile and 10-mile squares indicating the total number of wells and counts of wells classified as oil, gas, dry, injection, hydraulically fractured, and/or horizontal wells. Well history is also separated into layers binned on 1-year increments from a well's spud date (date drilling commenced). Production data is aggregated in 2-mile and 10-mile squares that sum the total production of oil, gas, and water volumes. Production data is also separated into layers binned on 1-year increments to reflect the year of production. These aggregations are compiled from data from IHS Markit, which is a proprietary, commercial database. No proprietary data is contained in this release. This data release was updated May 2023 to reflect an offset of 1 year on the original release.

North America's oil production amounted to 27.1 million barrels per day in 2023, up from some 25.4 million barrels daily in the prior year. Between 1998 and 2022, figures increased by nearly 12.9 thousand barrels per day.

County-level data from oil and/or natural gas producing States—for onshore production in the lower 48 States only—are compiled on a State-by-State basis. Most States have production statistics available by county, field, or well, and these data were compiled at the county level to create a database of county-level production, annually for 2000 through 2011. Raw data for natural gas is for gross withdrawals, and oil data almost always include natural gas liquids. Note that State-provided natural gas withdrawals were not available for Illinois or Indiana; those estimates were produced using geocoded wells and State total production reported by the U.S. Department of Energy’s Energy Information Agency. In the data file, counties with increases or decreases in excess of $20 million in oil and/or natural gas production during 2000-11 are also identified. See the Documentation for more details. Currently, an ERS update to this data product is not planned.

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.

United States Crude Oil Supply: Field Production data was reported at 11,142.000 1000 Barrel/Day in Oct 2018. This records an increase from the previous number of 11,047.000 1000 Barrel/Day for Sep 2018. United States Crude Oil Supply: Field Production data is updated monthly, averaging 7,435.340 1000 Barrel/Day from Jan 1973 (Median) to Oct 2018, with 550 observations. The data reached an all-time high of 11,345.511 1000 Barrel/Day in Aug 2018 and a record low of 3,973.586 1000 Barrel/Day in Sep 2008. United States Crude Oil Supply: Field Production 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.RB016: Petroleum Overview.

Key information about United States Oil Consumption

• United States Oil Consumption was reported at 18,983.557 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 18,862.210 Barrel/Day th for Dec 2022
• US Oil Consumption data is updated yearly, averaging 17,634.400 Barrel/Day th from Dec 1965 to 2023, with 59 observations
• The data reached an all-time high of 20,531.482 Barrel/Day th in 2005 and a record low of 11,512.436 Barrel/Day th in 1965
• US Oil Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

In 2024, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures decreased by around *** percent. Within the period of consideration, the figure peaked at **** million barrels of oil daily in 2005. The U.S. is the country with the highest oil consumption in the world. Domestic production U.S. oil production saw a noticeable growth after the Great Recession, as the energy industry developed extraction technologies to reduce the need to import high-priced oil. In 2021, domestic production amounted to **** million barrels per day, while figures in 2008 stood at *** million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of *** billion barrels in 2024. New Mexico was the second largest producer, at a third of Texas’ production. American oil companies As of June 2025, ExxonMobil had the highest market capitalization of any oil and gas producer in the world. Chevron and ConocoPhillips were also among the top 10 oil and gas companies worldwide based on market value, ranking ****** and ******** respectively. ExxonMobil was founded in 1999, as a merger of Exxon and Mobil, formerly the Standard Oil Company of New Jersey and Standard Oil Company of New York, respectively. ExxonMobil is headquartered in Irving, Texas (although it has recently announced it will move its headquarters further South to its Houston campus) and generated an operating revenue of *** billion U.S. dollars in 2023. This figure represented an increase in comparison to 2021, when the company’s revenue dropped as a consequence of the coronavirus pandemic.

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.

United States Oil Production: New-Well: Haynesville data was reported at 0.000 Barrel/Day th in Mar 2025. This stayed constant from the previous number of 0.000 Barrel/Day th for Feb 2025. United States Oil Production: New-Well: Haynesville data is updated monthly, averaging 1.000 Barrel/Day th from Jan 2007 (Median) to Mar 2025, with 219 observations. The data reached an all-time high of 2.000 Barrel/Day th in Nov 2012 and a record low of 0.000 Barrel/Day th in Mar 2025. United States Oil Production: New-Well: Haynesville data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB040: Oil Production: by Region.

ExxonMobil ranks first among the United States' top ten oil and gas producing companies based on market capitalization. As of December 18, 2024, the Texas-based oil supermajor had a market cap of 474.71 billion U.S. dollars. ExxonMobil can not only trace its roots back to the early years of commercial oil production, it has also become one of the largest oil and gas companies in the world. It is active in all areas of the supply chain, from hydrocarbon extraction to retailing of gasoline. What is market cap? As opposed to sales or assets, market capitalization is a metric used to determine a company’s size by the worth of their outstanding shares on the stock market. ExxonMobil often ranks as the leading oil and gas company based on market cap worldwide. However, its net income is often significantly lower than that of state-owned entities such as Saudi Aramco. The differing ratios exemplify how market cap is not a hard figure like net profits, but inflates and fluctuates according to the perceived value of a company, influenced by less quantifiable factors. The role of oil and gas in the world economy The oil and gas industry is involved in exploration, extraction, refining, transport, and marketing of hydrocarbons. Many industries are extremely dependent on oil and gas products, mostly in the form of fuels or raw materials for chemical products. The oil and gas industry is one of the largest worldwide, and it would follow that companies involved within the industry are among the top companies worldwide by revenue.

The Middle East produces more oil than any other region in the world, accounting for slightly less than ******* of global oil production in 2024, at **** percent. Overall, Middle Eastern oil production makes up a slightly larger share of global production than it did ten years ago, but the contribution to worldwide oil production has risen most consistently in North America while declining in all other regions. Shifts in North American oil production Over the past decade, higher oil production in North America has largely been driven by the United States. In the last ten years, oil production in the United States has more than doubled, with its annual output only mildly affected by the coronavirus pandemic. Meanwhile, Canada's crude oil production has also increased in the period, although in a less consistent manner. The U.S. moves towards less dependency Oil prices from OPEC countries, many of which are in the Middle East, had been rising in the years leading up to the global recession, reaching a peak in 2012. As a result, the United States decreased oil imports, and investors capitalized on lower interest rates to develop technologies such as hydraulic fracturing (fracking) that would allow domestic oil extraction from wells deep underground that were once too hard to reach. In 2019, before oil demand was affected by the pandemic, the North American country's imports dipped below *** million barrels, a ** percent drop in comparison to a decade earlier.

A cells polygon feature class was created by the U.S. Geological Survey (USGS) to illustrate the degree of exploration, type of production, and distribution of production in the United States. Each cell represents a square mile of the land surface, and the cells are coded to represent whether the wells included within the cell are predominantly oil-producing, gas-producing, both oil and gas-producing, or the type of production of the wells located within the cell is unknown or dry. The well information was initially retrieved from IHS Inc.'s PI/Dwights PLUS Well Data on CD-ROM, which is a proprietary, commercial database containing information for most oil and gas wells in the U.S. Cells were developed as a graphic solution to overcome the problem of displaying proprietary well data. No proprietary data are displayed or included in the cell maps. The data are current through 10/1/2005.