Oil production in the United States amounted to around 827.1 million metric tons in 2023, an increase when compared to the previous year and the highest figure recorded within the period of consideration. Between 1998 and 2023, figures increased by 459 million metric tons.

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 2023, the United States consumed nearly 19 million barrels of oil daily. In comparison to the previous year, figures increased by around 0.6 percent. Within the period of consideration the figure peaked at 20.8 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 16.6 million barrels per day, while figures in 2008 stood at 6.8 million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of two billion barrels in 2023. New Mexico was the second largest producer, at a quarter of Texas’ production. American oil companies As of June 2024, 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 second and seventh, 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 it's headquarters further South to its Houston campus) and generated an operating revenue of 344 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 Gross Domestic Product: Oil and Gas Extraction (211) in the United States (USOILGASNGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, private, industry, GDP, and USA.

Texas is by far the largest oil-producing state in the United States. In 2023, Texas produced a total of over two billion barrels. In a distant second place is New Mexico, which produced 667.5 million barrels in the same year. Virginia is the smallest producing state in the country, at five thousand barrels. Macro perspective of U.S. oil production The U.S. oil production totaled some 16.6 million barrels of oil per day, or a total annual oil production of 711 million metric tons. 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 711 operational oil and gas rigs in the country as of May 2023

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

Graph and download economic data for Industrial Production: Mining: Oil and Gas Extraction (NAICS = 211) (IPG211S) from Jan 1972 to Feb 2025 about extraction, oil, mining, gas, IP, production, industry, indexes, and USA.

Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on March of 2025.

This digital dataset contains historical geochemical and other information for 200 samples of produced water from 182 sites in 25 oil fields in Los Angeles and Orange Counties, southern California. Produced water is a term used in the oil industry to describe water that is produced as a byproduct along with the oil and gas. The locations from which these historical samples have been collected include 152 wells. Well depth and (or) perforation depths are available for 114 of these wells. Sample depths are available for two additional wells in lieu of well or perforation depths. Additional sample sites include four storage tanks, and two unidentifiable sample sources. One of the storage tank samples (Dataset ID 57) is associated with a single identifiable well. Historical samples from other storage tanks and unidentifiable sample sources may also represent pre- or post-treated composite samples of produced water from single or multiple wells. Historical sample descriptions provide further insight about the site type associated with some of the samples. Twenty-four sites, including 21 wells, are classified as "injectate" based on the sample description combined with the designated well use at the time of sample collection (WD, water disposal or WF, water flood). Historical samples associated with these sites may represent water that originated from sources other than the wells from which they were collected. For example, samples collected from two wells (Dataset IDs 86 and 98) include as part of their description “blended and treated produced water from across the field”. Historical samples described as formation water (45 samples), including 38 wells with a well type designation of OG (oil/gas), are probably produced water, representing a mixture of formation water and water injected for enhanced recovery. A possible exception may be samples collected from OG wells prior to the onset of production. Historical samples from four wells, including three with a sample description of "formation water", were from wells identified as water source wells which access groundwater for use in the production of oil. The numerical water chemistry data were compiled by the U.S. Geological Survey (USGS) from scanned laboratory analysis reports available from the California Geologic Energy Management Division (CalGEM). Sample site characteristics, such as well construction details, were attributed using a combination of information provided with the scanned laboratory analysis reports and well history files from CalGEM Well Finder. The compiled data are divided into two separate data files described as follows: 1) a summary data file identifying each site by name, the site location, basic construction information, and American petroleum Institute (API) number (for wells), the number of chemistry samples, period of record, sample description, and the geologic formation associated with the origin of the sampled water, or intended destination (formation into which water was to intended to be injected for samples labeled as injectate) of the sample; and 2) a data file of geochemistry analyses for selected water-quality indicators, major and minor ions, nutrients, and trace elements, parameter code and (or) method, reporting level, reporting level type, and supplemental notes. A data dictionary was created to describe the geochemistry data file and is provided with this data release.

The United States is the world's largest crude oil producer. In 2023, it had an output of 19.4 million barrels worth of oil per day. This was nearly 12 million barrels more than in 2010 and largely a result of advances in unconventional tight oil production. Saudi Arabia and Russia ranked second and third, at around 11.4 and 11.1 million barrels daily respectively. Oil production includes crude oil, shale oil, oil sands, and natural gas liquids. Distribution of U.S. oil production The U.S. is divided into five regional divisions for oil production, known as Petroleum Administration for Defense District’s (PADD), which were created during World War II. The main goal was to organize the allocation of fuels from petroleum products and for data collection purposes these regions are still currently used. Out of all PADD's, PADD 3, including the Gulf Coast states, has recorded by far the largest daily crude oil production, at some 7.9 million barrels in 2021. By comparison, PADD 1 (East Coast) production volumes were 74 thousand barrels per day. The importance of PADD 3 to the country’s overall oil output is hardly surprising as Texas is by far the state with the largest crude oil production. U.S. natural gas production Besides being the world's largest oil producer, the U.S. is also the world’s largest natural gas producer. It produced over 934 billion cubic meters in 2021, despite ranking fifth in terms of proved natural gas reserves .

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.

This dataset provides values for CRUDE OIL PRODUCTION reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Corporate profits before tax: Domestic industries: Mining: Oil and gas extraction (N3007C0A144NBEA) from 1998 to 2021 about extraction, corporate profits, oil, mining, gas, tax, domestic, corporate, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in Texas (TXOILGASNGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, TX, private, industry, GDP, and USA.

Graph and download economic data for Industrial Production: Mining: Drilling Oil and Gas Wells (NAICS = 213111) (IPN213111N) from Jan 1972 to Jan 2025 about wells, drilling, oil, mining, gas, IP, production, industry, indexes, and USA.

Graph and download economic data for All Employees: Mining and Logging: Oil and Gas Extraction in Texas (SMU48000001021100001) from Jan 1990 to Dec 2024 about extraction, oil, mining, gas, TX, employment, and USA.

API Crude Oil Stock Change in the United States decreased to -4.60 BBL/1Million in March 21 from 4.59 BBL/1Million in the previous week. This dataset provides - United States API Crude Oil Stock Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Graph and download economic data for Producer Price Index by Industry: Crude Petroleum and Natural Gas Extraction: Crude Petroleum (PCU2111112111111) from Jun 1984 to Jan 2025 about extraction, petroleum, crude, gas, PPI, industry, inflation, price index, indexes, price, and USA.