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Texas oil production topped 3 million barrels per day in May, putting the Lone Star state on par with the world’s biggest oil producing countries, according to the Energy Information Administration.
Only Russia, Saudi Arabia, United States, China, Canada, Iran and Iraq produce more oil than Texas, according to international oil production numbers from the EIA. Unlike the national production totals that are from May, the international numbers are from March and include condensate.
Texas produced as much oil as the entire continent of Europe, according to the EIA.
And, Texas is on track to be producing 3.4 million barrels per day by the end of the year, which would leapfrog all of the Organization of Petroleum Exporting Countries (OPEC) nations except Saudi Arabia. Compare that to a year ago, when the Lone Star state produced 2.4 million barrels per day.
A year ago, Texas ranked 15th in the world.
U.S. oil production remained above 8.3 million barrels per day in April and May. These are oil production numbers that haven’t been seen since the late 1980s.
Here are the top oil-producing countries (with the state of Texas included) in barrels per day from March, the most recent date available:
-- Article originally published in The Dallas Business Journal on July 30, 2014; written by Nicholas Sakelaris. A link to the original article can be found here.
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