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U.S. Crude Oil Output Hits 12.9M Barrels/Day
themerchantsnews.substack.com
Texas Alone Powers 43%
The U.S. produced a staggering 12.93 million barrels of crude oil per day and Texas dominated with 5.51 million bpd, over 43% of the national total
1⃣ Texas – 5,512 kbpd
2⃣ Offshore Gulf of Mexico – 1,863 kbpd
3⃣ New Mexico – 1,829 kbpd
4⃣ North Dakota – 1,186 kbpd
5⃣ Alaska – 834 kbpd
6⃣ Colorado – 454 kbpd
7⃣ Oklahoma – 431 kbpd
8⃣ California – 307 kbpd
9⃣ Wyoming – 266 kbpd
Utah – 154 kbpd
While offshore and New Mexico round out the top three, Texas remains the undisputed powerhouse of U.S. energy
This is just a quick peek at the surface. For my subscribers to The Merchants' News (link in bio), I dive deeper with exclusive reports packed with data, sharp forecasts, and actionable insights on commodities and macro trends.
The Merchant's News | Giacomo Prandelli | Substack
Commodity Analyst and Geopolitical Strategist. I connect energy market movements with global events. Founder of The Merchant News, a source of insight for over 30,000 industry professionals. Click to read The Merchant's News, by Giacomo Prandelli, a Substack publication with thousands of...
themerchantsnews.substack.com
Texas Alone Powers 43%
The U.S. produced a staggering 12.93 million barrels of crude oil per day and Texas dominated with 5.51 million bpd, over 43% of the national total1⃣ Texas – 5,512 kbpd
2⃣ Offshore Gulf of Mexico – 1,863 kbpd
3⃣ New Mexico – 1,829 kbpd
4⃣ North Dakota – 1,186 kbpd
5⃣ Alaska – 834 kbpd
6⃣ Colorado – 454 kbpd
7⃣ Oklahoma – 431 kbpd
8⃣ California – 307 kbpd
9⃣ Wyoming – 266 kbpd
Utah – 154 kbpd While offshore and New Mexico round out the top three, Texas remains the undisputed powerhouse of U.S. energy This is just a quick peek at the surface. For my subscribers to The Merchants' News (link in bio), I dive deeper with exclusive reports packed with data, sharp forecasts, and actionable insights on commodities and macro trends.
