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Items Tagged with 'u.s. oil production'

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US overtakes Saudi Arabia, Russia as world's largest oil producer

According to a new report by Bank of America Corp., record output of oil from shale rock formations is fueling economic growth for the U.S.
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Bakken Shale oil production to hit 1.7 million Bpd in 2020

Oil reserves worth approximately $118 billion are still lying under the Bakken/Three Forks Shale play system in Montana and North Dakota, according to a new estimate by research and consultancy group Wood Mackenzie.
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Middle East oil industry key for global growth, expert says

Part of the Western world is underestimating the importance of the Middle East as a result of the shale revolution in the United States but this may be too hasty a reaction.
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US oil production hits highest level in 25 years

Because of the shale boom in recent years, the United States is more energy independent than ever and has been able to reduce energy imports dramatically.
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US oil production hits highest level in 24 years

According to data released by the Energy Information Administration, oil production in the United States reached the highest level since May 1989 in the week ended Sept. 6.
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US oil production reaches highest level in 20 years

U.S. crude oil production increased to an average of 7.5 million barrels per day (bbl/d) in July 2013, the highest monthly level of production since 1991, according to the U.S. Energy Information Administration (EIA).
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