The Energy States are Flying High – Almost Like 1982? The ongoing resurgence in the oil and gas industry is once again driving overall activity in the key energy-producing states. Our pic-of-the-week details the share of total state earnings derived from the oil and gas industry. Oklahoma currently leads the way with 12.7% of total state earnings derived from the sector. Remarkably, the massive state of Texas
IOGCC just released its latest annual report on oil and gas production from marginal oil and gas wells across the producing states. Download the full report. RegionTrack was pleased to assist IOGCC with the project!
Natural Gas Production Gains Since 2005 are Highly Concentrated in Only a Few States – U.S. natural gas production has increased by nearly 50% since 2005, from about 18 trillion cubic feet to nearly 27 trillion cubic feet annually.
Domestic crude oil production is similarly up about 50% since 2009.
Texas remains the largest player, with production up 50% the
The Ongoing Surge in U.S. Crude Production is Highly Concentrated in Only a Few States – U.S. crude production has surged by more than 50% since 2009, from about 1.8 billion barrels to 2.8 billion barrels annually.
The geography underlying the oil produced in the U.S. each year is now roughly 1 billion barrels from Texas; 700 million barrels combined from
Mark Snead is quoted in a recent editorial in Oklahoma Energy Today concerning severance taxes in Oklahoma. The editorial focuses on the differing economic impact of the oil and gas industry in Oklahoma vs. North Dakota. Despite North Dakota's greater…