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

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

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 Jul 2025 about extraction, logging, oil, mining, gas, establishment survey, employment, and USA.

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;

Heating Oil Stocks in the United States increased to 739 Thousand Barrels in July 25 from 3 Thousand Barrels in the previous week. This dataset provides - United States Heating Oil Stocks - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The USA: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 0.61 percent, an increase from 0.19 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for the USA from 1970 to 2021 is 0.64 percent. The minimum value, 0.01 percent, was reached in 2015 while the maximum of 3.15 percent was recorded in 1980.

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.

This statistic depicts the consumption volume of motor oil by the private sector in the United States from 2013 to 2017, and forecast figures for 2018 to 2024. By 2024, the volume of motor oil consumed by the U.S. private sector is expected to decrease to some *** million gallons, compared to *** million gallons in 2016.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average (APU000072511) from Nov 1978 to Jun 2025 about fuels, energy, retail, price, and USA.

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.

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

The United States Documented Unplugged Orphaned Oil and Gas Well (DOW) dataset contains 117,672 wells in 27 states. The definition of an orphaned oil or gas well varies across data sources; the dataset includes oil or gas wells where the state indicates that the well is an unplugged orphan, or the following criteria are met: 1) no production for an average of 12 months (6 to 24 months depending on the state), 2) the well is unplugged, 3) there is no responsible party to manage the well for future re-use or for plugging and abandonment, and 4) the location of the well is documented. The dataset includes location coordinates, American Petroleum Institute (API) number, or other identification number, well type, well status, and additional information for each unplugged orphaned well. All data were collected by direct requests to the respective state agency overseeing oil and gas wells or data downloads from their online databases. Location format conversion was performed on wells without coordinate locations using tools provided by the Bureau of Land Management and some state agencies. No other data manipulations were performed to the source data aside from reformatting or the addition of explanatory notes.

The USA: Oil consumption, thousand barrels per day: The latest value from 2014 is 19106 thousand barrels per day, an increase from 18961 thousand barrels per day in 2013. In comparison, the world average is 444.70 thousand barrels per day, based on data from 210 countries. Historically, the average for the USA from 1980 to 2014 is 18181.71 thousand barrels per day. The minimum value, 15231 thousand barrels per day, was reached in 1983 while the maximum of 20802 thousand barrels per day was recorded in 2005.

United States PADD I: Ending Stocks: FP: Asphalt and Road Oil data was reported at 8,058.000 Barrel th in Apr 2018. This records an increase from the previous number of 7,154.000 Barrel th for Mar 2018. United States PADD I: Ending Stocks: FP: Asphalt and Road Oil data is updated monthly, averaging 5,184.500 Barrel th from Jan 1981 (Median) to Apr 2018, with 448 observations. The data reached an all-time high of 10,099.000 Barrel th in May 2007 and a record low of 2,477.000 Barrel th in Oct 1984. United States PADD I: Ending Stocks: FP: Asphalt and Road Oil data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.RB064: Crude Oil and Petroleum Products: Supply and Disposition: by Area.

Ukraine Crude Oil: Imports: Year to Date: Non CIS: America: USA data was reported at 48,442.178 USD th in Dec 2020. This stayed constant from the previous number of 48,442.178 USD th for Nov 2020. Ukraine Crude Oil: Imports: Year to Date: Non CIS: America: USA data is updated monthly, averaging 31,420.856 USD th from Jan 2020 (Median) to Dec 2020, with 10 observations. The data reached an all-time high of 50,171.832 USD th in Jun 2020 and a record low of 18,785.188 USD th in Sep 2020. Ukraine Crude Oil: Imports: Year to Date: Non CIS: America: USA data remains active status in CEIC and is reported by State Statistics Service of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.RB005: Crude Oil: Imports: ytd: by Country.

Motor oil manufacturers have faced a rollercoaster of challenges and recoveries in recent years. COVID-19 dramatically curtailed car usage, as travel restrictions and work-from-home arrangements reduced the need for oil changes. Although manufacturers rebounded when the economy reopened in 2021, it hasn't entirely recovered from the pandemic's initial impact. Continued hybrid work schedules have notably hampered the return to pre-pandemic levels. Higher oil prices have discouraged driving, although some consumers avoided public transportation to curb virus exposure, slightly mitigating the downturn in car usage. Revenue has been decreasing at a CAGR of 0.6% over the past five years to total an estimated $21.6 billion in 2024, including an estimated increase of 1.7% in 2024. Economic conditions have pressured profit. Manufacturer's ability to pass on crude oil costs to downstream consumers has been constrained during economic slowdowns, particularly for standalone refiners. In contrast, larger integrated companies like Exxon Mobil and Shell have managed to maintain profitability by leveraging their control over crude oil reserves. The average age of the US automobile fleet has risen, providing a lifeline for motor oil manufacturers as older cars require more frequent oil changes. Semiconductor shortages and rising interest rates complicated the landscape, making new cars pricier and fewer on the roads, benefitting oil manufacturers by keeping older vehicles in use and aiding some recovery. Falling oil prices will improve consumer sentiment and increase vehicle usage, leading to higher demand for motor oil. Aging vehicles will continue to push demand for motor oil, further bolstered by manufacturers innovating advanced formulations to extend engine life. However, new car sales are set to climb because of easing supply chain issues and interest rate cuts, decreasing the need for motor oil. The growing adoption of electric vehicles (EVs), which don't need traditional oil changes, represents a long-term challenge. Manufacturers will increasingly focus on eco-friendly lubricants and enhancing sustainability through expanded recycling initiatives and high-efficiency recycled oils. Overall, revenue is forecast to increase at a CAGR of 1.0% over the next five years to total $22.7 billion through the end of 2029.

Indonesia Exports of crude oil to United States was US$14 during 2021, according to the United Nations COMTRADE database on international trade. Indonesia Exports of crude oil to United States - data, historical chart and statistics - was last updated on July of 2025.