Reuters: U.S. oil output jumps to record 10.47 million barrels per day in March: EIA
(Reuters) - U.S. crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on Thursday.
Production in Texas rose by 4 percent to almost 4.2 million bpd, a record high based on the data going back to 2005. The Permian basin, which stretches across West Texas and eastern New Mexico, is the largest U.S. oilfield.
Read more ....
WNU Editor: One can only imagine what the price of oil would be today if it was not for fracking and other new technologies being employed to extract oil and natural gas.
0 Response to "U.S. Oil Production Continues To Boom"
Post a Comment