The triumphant USA is now producing more oil and gas than any nation ever has
March 26, 2024
The US Energy Information Administration (EIA) said in January that US domestic production of crude oil for September 2023 set a new all-time high of 13,247,000 barrels per day. That fact probably deserved more notice than it received given that it was the most oil any nation on earth had ever managed to produce in a single month. The high-tech modern US oil and gas industry is completely transformed.
Even more remarkable is the fact that US producers managed to break the record in November, and then exceed the September number again in December, the most current month for which full data is available. It is likely November’s all-time record of 13,319,000 barrels per day (bpd) has been exceeded at least once again during the first quarter of 2024, as producers find ways to wring more production out of each wellbore.
