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The leading crude oil-producing areas in the United States in 2023 were Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico. [2] The United States became the largest producer of crude oil of any nation in history in 2023. [3] Natural gas production reached record highs. [4]
However, 94 % of known oil is concentrated in fewer than 1500 giant and major fields. [2] Most of the world's largest oilfields are located in the Middle East, but there are also supergiant (>10 billion bbls) oilfields in Brazil, Mexico, Venezuela, Kazakhstan, and Russia. Amounts listed below, in billions of barrels, are the estimated ultimate ...
Permian Basin (North America) The Permian Basin is a large sedimentary basin in the southwestern part of the United States. It is the highest producing oil field in the United States, producing an average of 4.2 million barrels of crude oil per day in 2019. This sedimentary basin is located in western Texas and southeastern New Mexico.
The East Texas Oil Field is a large oil and gas field in east Texas. Covering 140,000 acres (57,000 ha) and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. [ 1 ]
It is the largest oil field in North America, covering 213,543 acres (86,418 ha) and originally contained approximately 25 billion barrels (4.0 × 10 9 m 3) of oil. [1] The amount of recoverable oil in the field is more than double that of the next largest field in the United States by acreage (the East Texas Oil Field ), while the largest by ...
Even if 71 billion barrels were immediately recoverable, the U.S. would consume that amount of oil in about 10 years. The Permian Basin is America’s largest oil basin, but alone couldn’t fuel ...
The Yates field is the southernmost of the large oil fields on the eastern rim of the Central Basin Platform in the Texas Permian Basin, the most productive petroleum-producing region in the continental United States. [4] The Permian Basin is a geologic region, about 300 miles (480 km) long and 250 miles (400 km) across, which was downwarped ...
Midway Field Well 2-6 in 1909, known as the first gusher. The Midway-Sunset Oil Field is a large oil field in Kern County, San Joaquin Valley, California in the United States. It is the largest known oilfield in California and also the largest oil field in the country by total oil in place (around 27 billion barrels of mostly heavy oil), though ...