Oil and Gas Today with Chris Faulkner – Podcast #458

According to the U.S. Energy Information Administration, Texas now produces nearly 35 percent of the country’s crude oil in 2013. EIA data shows that Texas oil production averaged more than 2.8 million barrels per day in January 2014.

It’s not only in oil production that Texas is booming. The state’s 27 petroleum refineries account for 29 percent of U.S. refining capacity and can refine more than 5.1 million barrels of oil per day.

Five states and the Gulf of Mexico now produce 80 percent of the country’s crude oil production. North Dakota is one of those states, producing 12 percent of U.S. crude oil supplies to become the country’s second-largest oil producing state. California and Alaska tied for the third largest crude oil producing states – YES CALIFORNIA. Imagine that.

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