U.S. States Producing the Most Oil


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California Oil Refinery
Picture Credit score: Richard Thornton / Shutterstock

With gasoline costs reaching their highest ranges since 2014 this fall, shoppers, policymakers, and financial specialists have recently turned their consideration to the state of oil manufacturing within the U.S. and worldwide.

The COVID-19 pandemic has been an uneasy time for oil, as with many different merchandise and sectors of the financial system.

The worth of oil futures briefly turned unfavourable within the first months of the pandemic and remained at comparatively low ranges by way of most of 2020 and the primary a part of 2021. This pattern is partially a product of lowered demand for gasoline and a value struggle between Russia and Saudi Arabia.

Whereas demand has recovered because the pandemic has gone on longer, oil manufacturing has been affected by the worldwide provide chain struggles that many different industries are additionally experiencing. Consequently, oil costs have rebounded to their highest ranges in additional than half a decade.

The volatility of the oil markets in the course of the COVID-19 pandemic highlights the challenges of getting a important product like oil be a part of a fancy globalized financial system. Even earlier than the pandemic, many political and financial leaders sought to minimize U.S. dependence on international sources of oil to make the nation extra self-reliant in its vitality combine.

The U.S. has had success on this entrance in recent times. The U.S. noticed a gradual decline in oil manufacturing from the late Nineteen Eighties to the mid-2000s, a product of a spread of things together with decreased demand, the expansion of the environmental conservation motion, and elevated involvement within the Center East.

Oil manufacturing within the U.S. bottomed out at 5 million barrels per day in 2008. Since then, policymakers have prioritized home manufacturing and the rise of methods like fracking has lowered the price of extracting petroleum, and U.S. manufacturing has boomed in consequence.

In 2018, the U.S. surpassed Russia and Saudi Arabia to grow to be the world’s main producer of crude oil.

US and World Crude Oil Production

The results of this development in home manufacturing has been a pointy decline in petroleum imports. Imports have fallen since their peak of 13.7 million barrels per day in 2005 to solely 7.85 million in 2020.

After taking exports of 8.5 million under consideration, the U.S. truly turned a web exporter of oil for the primary time final 12 months.

US petroleum imports

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Within the U.S., as is the case globally, oil reserves are erratically distributed. Some states produce considerably greater than others. Texas is by far the main oil producer within the U.S. at practically 1.8 billion barrels yearly — that’s greater than 4 instances the overall of runner-up state, North Dakota.

States within the Plains and Mountain West fare greatest, together with Alaska and Gulf Coast states like Louisiana and Mississippi.

The information used on this evaluation is from the U.S. Power Data Administration. To find out the states producing probably the most oil, researchers at Commodity.com calculated the overall annual crude oil manufacturing in 2020. Within the occasion of a tie, the state with the upper 10-year change in annual crude oil manufacturing was ranked greater.

Researchers additionally included the newest statistics on confirmed oil reserves, the variety of operable petroleum refineries, and per capita oil consumption.

Listed here are the states producing probably the most oil.

U.S. States That Produce the Most Oil

Mississippi oil refinery tankers
Picture Credit score: Pete Niesen / Shutterstock

15. Mississippi

  • Complete annual crude oil manufacturing (thousand barrels): 14,166
  • 10-year change in annual crude oil manufacturing: -40.9%
  • Crude oil reserves (million barrels): 114
  • Variety of working refineries: 3
  • Per capita oil consumption (barrels): 24.9
Montana oil well
Picture Credit score: Rui Serra Maia / Shutterstock

14. Montana

  • Complete annual crude oil manufacturing (thousand barrels): 18,985
  • 10-year change in annual crude oil manufacturing: -25.1%
  • Crude oil reserves (million barrels): 298
  • Variety of working refineries: 4
  • Per capita oil consumption (barrels): 31.4

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West Virginia oil refinery
Picture Credit score: Kristi Blokhin / Shutterstock

13. West Virginia

  • Complete annual crude oil manufacturing (thousand barrels): 19,059
  • 10-year change in annual crude oil manufacturing: +934.7%
  • Crude oil reserves (million barrels): 13
  • Variety of working refineries: 1
  • Per capita oil consumption (barrels): 22.9
Ohio oil well
Picture Credit score: Chubykin Arkady / Shutterstock

12. Ohio

  • Complete annual crude oil manufacturing (thousand barrels): 23,819
  • 10-year change in annual crude oil manufacturing: +399.1%
  • Crude oil reserves (million barrels): 88
  • Variety of working refineries: 4
  • Per capita oil consumption (barrels): 18.1
Kansas oil well
Picture Credit score: Robert D Brozek / Shutterstock

11. Kansas

  • Complete annual crude oil manufacturing (thousand barrels): 28,260
  • 10-year change in annual crude oil manufacturing: -30.2%
  • Crude oil reserves (million barrels): 313
  • Variety of working refineries: 3
  • Per capita oil consumption (barrels): 23.2
Utah oil rig
Picture Credit score: Mark Smith / Shutterstock

10. Utah

  • Complete annual crude oil manufacturing (thousand barrels): 30,951
  • 10-year change in annual crude oil manufacturing: +25.5%
  • Crude oil reserves (million barrels): 275
  • Variety of working refineries: 5
  • Per capita oil consumption (barrels): 18.5
Louisiana oil rig
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9. Louisiana

  • Complete annual crude oil manufacturing (thousand barrels): 36,708
  • 10-year change in annual crude oil manufacturing: -45.7%
  • Crude oil reserves (million barrels): 389
  • Variety of working refineries: 16
  • Per capita oil consumption (barrels): 80.9
Wyoming oil rig
Picture Credit score: Jim Parkin / Shutterstock

8. Wyoming

  • Complete annual crude oil manufacturing (thousand barrels): 89,091
  • 10-year change in annual crude oil manufacturing: +65.3%
  • Crude oil reserves (million barrels): 1,013
  • Variety of working refineries: 4
  • Per capita oil consumption (barrels): 49.9
California oil tanks
Picture Credit score: Richard Thornton / Shutterstock

7. California

  • Complete annual crude oil manufacturing (thousand barrels): 143,114
  • 10-year change in annual crude oil manufacturing: -28.6%
  • Crude oil reserves (million barrels): 2,213
  • Variety of working refineries: 14
  • Per capita oil consumption (barrels): 16.8
Alaska oil pipes
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6. Alaska

  • Complete annual crude oil manufacturing (thousand barrels): 163,852
  • 10-year change in annual crude oil manufacturing: -25.1%
  • Crude oil reserves (million barrels): 2,680
  • Variety of working refineries: 5
  • Per capita oil consumption (barrels): 53.2
Colorado oil well
Picture Credit score: Bridget Calip / Shutterstock

5. Colorado

  • Complete annual crude oil manufacturing (thousand barrels): 167,832
  • 10-year change in annual crude oil manufacturing: +407.5%
  • Crude oil reserves (million barrels): 1,414
  • Variety of working refineries: 2
  • Per capita oil consumption (barrels): 18.2

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Oklahoma oil tanks
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4. Oklahoma

  • Complete annual crude oil manufacturing (thousand barrels): 171,740
  • 10-year change in annual crude oil manufacturing: +144.7%
  • Crude oil reserves (million barrels): 2,047
  • Variety of working refineries: 5
  • Per capita oil consumption (barrels): 25.0
New Mexico oil rig and tanks
Picture Credit score: R. Wellen Images / Shutterstock

3. New Mexico

  • Complete annual crude oil manufacturing (thousand barrels): 370,402
  • 10-year change in annual crude oil manufacturing: +464.9%
  • Crude oil reserves (million barrels): 3,456
  • Variety of working refineries: 1
  • Per capita oil consumption (barrels): 24.1
North Dakota oil wells
Picture Credit score: Steve Oehlenschlager / Shutterstock

2. North Dakota

  • Complete annual crude oil manufacturing (thousand barrels): 434,889
  • 10-year change in annual crude oil manufacturing: +286.4%
  • Crude oil reserves (million barrels): 5,897
  • Variety of working refineries: 1
  • Per capita oil consumption (barrels): 46.8
Texas oil well
Picture Credit score: Maciej Bledowski / Shutterstock

1. Texas

  • Complete annual crude oil manufacturing (thousand barrels): 1,776,449
  • 10-year change in annual crude oil manufacturing: +316.3%
  • Crude oil reserves (million barrels): 18,622
  • Variety of working refineries: 31
  • Per capita oil consumption (barrels): 53.6

RELATED
Regardless of being the largest oil producer, Texas is barely the tenth most dependant state on fossil fuels.


Detailed Findings & Methodology

The information used on this evaluation is from the U.S. Power Data Administration.

To find out the states producing probably the most oil, researchers calculated the overall annual crude oil manufacturing, in hundreds of barrels, for 2020.

Within the occasion of a tie, the state with the upper 10-year change in annual crude oil manufacturing, between 2010 and 2020, was ranked greater.

Researchers additionally included the newest statistics on confirmed oil reserves (as of 2019), the variety of operable petroleum refineries (as of 2021), and per capita oil consumption (as of 2019).