Texas, North Dakota, And New Mexico Leading the U.S. Shale Oil Revolution

 Oct 04 2019
Texas, North Dakota, And New Mexico Leading the U.S. Shale Oil Revolution
Since 2008, the American shale oil boom has grown domestic crude production some 150% to 12.4 million b/d. It's been a huge shale party especially led by North Dakota and Texas. The Bakken in North Dakota, and the Permian and Eagle Ford shale plays in Texas account for some 60% of U.S. crude oil production and 85% of U.S. shale oil production. The Permian is now the largest oil field in the world, surpassing Saudi Arabia's giant Ghawar. Also in the Permian, I would be remiss not to mention New Mexico, where crude production since 2008 has jumped 5.5-fold to around 0.9 million b/d. Since the beginning of last year, EIA reports that output in the Bakken is up 25%, the Permian up 55%, and the Eagle Ford up 10%.

Read more at https://www.forbes.com/sites/judeclemente/2019/10/03/texas-north-dakota-and-new-mexico-leading-the-u-s-shale-oil-revolution/#59bf39011acc