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.

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

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.

The oil production in federal lands of the United States recovered from the levels between 2011 and 2013, where around *** million barrels of oil were produced. By 2018, this figure increased to the highest value in a decade, reaching almost *** million barrels of oil.

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

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.

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.

United States US: Production Index: Crude Oil data was reported at 162.073 2010=100 in 2016. This records a decrease from the previous number of 171.954 2010=100 for 2015. United States US: Production Index: Crude Oil data is updated yearly, averaging 131.184 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 175.989 2010=100 in 1970 and a record low of 91.292 2010=100 in 2008. United States US: Production Index: Crude Oil data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Production Index: Annual.

United States US: Production Index: Crude Oil: % Change data was reported at 3.854 % in 2017. This records an increase from the previous number of -3.629 % for 2016. United States US: Production Index: Crude Oil: % Change data is updated yearly, averaging 1.942 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 13.900 % in 2014 and a record low of -3.703 % in 2005. United States US: Production Index: Crude Oil: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Production Index: Annual.

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.

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.

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;

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.

United States US: Fossil Fuel Energy Consumption: % of Total data was reported at 82.776 % in 2015. This records a decrease from the previous number of 82.935 % for 2014. United States US: Fossil Fuel Energy Consumption: % of Total data is updated yearly, averaging 87.236 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 95.982 % in 1967 and a record low of 82.776 % in 2015. United States US: Fossil Fuel Energy Consumption: % of Total 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: Energy Production and Consumption. Fossil fuel comprises coal, oil, petroleum, and natural gas products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

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.

In 2023, the total revenue of the United States’ oil and gas industry came to ************* U.S. dollars. That was a considerable decrease from the previous year, when U.S. oil and gas had revenue peaked at ************* U.S. dollars. The advent of shale oil and gas Following the financial crisis, investors in the U.S. sought to increase domestic production and reduce dependence on foreign oil and gas in turbulent international markets. Despite high start-up costs, shale gas and tight oil became economically viable to extract as the result of new methods such as hydraulic fracturing (also known as fracking). Production expanded rapidly in states with large permeable rock formations of sandstone, such as Texas and North Dakota. Surplus and instability The United States’ production of shale gas and tight oil has continued to grow significantly since 2008, leading to an oversupply by 2014. During the 2010s oil glut, output and revenue decreased as petroleum prices were destabilized worldwide. The trajectory of the gross output in the United States' oil and gas extraction industry largely precipitates the changes in total revenue, both reaching a high point in 2014 before a drastic fall the following year.

United States US: Electricity Production From Oil Sources: % of Total data was reported at 0.904 % in 2015. This records a decrease from the previous number of 0.923 % for 2014. United States US: Electricity Production From Oil Sources: % of Total data is updated yearly, averaging 4.834 % from Dec 1960 (Median) to 2015, with 56 observations. The data reached an all-time high of 17.167 % in 1977 and a record low of 0.774 % in 2012. United States US: Electricity Production From Oil Sources: % of Total 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: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Oil refers to crude oil and petroleum products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

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.

A select panel of oil resource analysts, convened on August 31 and September I, 1992 by the Bureau of Economic Geology, The University of Texas at Austin, and the National Institute for Petroleum and Energy Research (NIPER) at the request of the U.s. Department of Energy, concludes that the remaining, recoverable volume of crude oil in the United States ranges from 99 to 204 billion barrels, inclusive of 25 billion barrels of oil carried as proved reserves by the Energy Information Administration (EIA) at the end of 1991 (table A). The range in estimates reflects different assumptions of price and technology (including the geological ability to apply technology). The lower estimate assumes a stable oil price of $20 per barrel (1992 dollars) with existing technology. The higher estimate assumes a price of $27 per barrel (1992 dollars) but 'With advanced technology. The range in. estimates of the remaining resource base recoverable under the given assumptions is equivalent to 35 to 75 years of continued U.s. crude oil production at the current annual rate of 2.7 billion barrels. In the Oil Resources Panel's estimation of recoverable resources, both price and technology are significant and they are almost equivalent in their impact (fig. A). The average estimate for recoverable volumes (total undiscovered resources and reserve growth) at both price levels was approximately two-thirds greater with the assumption of advanced technology than with existing technology (table B).