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In 2023, federal offshore tracts produced approximately 15% of the oil and 2% of the natural gas in the United States. The Gulf of Mexico remains a critical area for offshore production, housing several of the nation's largest oil fields.
Oil production in the US Federal zone, offshore Gulf of Mexico. In 2012, federal leases in the Gulf of Mexico produced 463 million barrels (73.6 × 10 ^ 6 m 3) of oil, which made up 19.5% of all U.S. oil production that year, and more than that of any U.S. state other than Texas.
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]
The U.S. Gulf of Mexico accounts for the majority of U.S. offshore oil production, and produces roughly 1.8 million barrels per day of oil, according to the last government figures, about 14% of ...
About three quarters of the U.S. Gulf's offshore oil production, or about 1.4 million barrels per day, has remained halted since late August. "The market is back to focusing on the tighter supply ...
The field is being developed by BP plc and 25% partner ExxonMobil [1] It is the largest offshore production platform in the Gulf, with a processing capacity of 250 thousand barrels per day (40 × 10 ^ 3 m 3 /d) of oil and 200 million cubic feet per day (5,700,000 m 3 /d) of natural gas, and the field is believed to hold in excess of 1 billion barrels (160 × 10 ^ 6 m 3) of oil. [2]
The first strictly offshore oil field in California was the Belmont Offshore Field, discovered in 1948 1.6 miles (2.6 km) from the shore of Seal Beach; production did not begin until 1954 when a man-made island was built in 40 feet of water for drilling and production equipment.
The U.S. has been producing 13.2 million barrels of crude oil per day, according to the Energy Information Administration. That's higher than the record of 13 million set under President Donald ...