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In contrast, wet natural gas also contains significant portions of other liquids such as ethane, propane or butane (also known as Natural Gas Liquids). Wet natural gas is used for petrochemicals as well as gasoline (petrol). In 2023, the United States has led the world in both natural gas production and natural gas exports.
US energy production in 2023 [22] The United States is the world's second-largest producer of energy. It produces 16% of the world's energy, about three-fourths as much as China. [4] Since 2019, the country has been a net exporter of energy. In 2023, 102.8 quads were produced and net exports were 7.6% of production. [18]
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]
US LNG won't be enough to fill the gaping hole Russia left behind in Europe, according to a BloombergNEF report.
The low price of natural gas, together with its smaller carbon footprint compared to coal, has encouraged a rapid growth in electricity generated from natural gas. Between 2005 and 2014, US production of natural gas liquids (NGLs) increased 70 percent, from 1.74 million barrels per day in 2005 to 2.96 million barrels per day in 2014.
Even so, the Biden administration also presided over record high oil and gas production, reaching averages of 12.9 million barrels per day nationwide in 2023, [69] and 530,000 barrels per day from public lands since 2020 (despite a campaign pledge to halt drilling on said lands).
From 1954 to 2023, federal offshore tracts produced 21.4 billion barrels (3.4 × 10 9 m 3) of oil and 195 trillion cubic feet (5.5 × 10 12 m 3) of natural gas. In recent years, the Gulf of Mexico alone accounted for about 15% of all domestic oil production and 2% of domestic natural gas production. Despite some fluctuations due to new deep ...
The United States produced 5.2 billion metric tons of carbon dioxide equivalent greenhouse gas (GHG) emissions in 2020, [6] the second largest in the world after greenhouse gas emissions by China and among the countries with the highest greenhouse gas emissions per person.