Carpe Diem

Energy fact of the day: As a separate oil-producing nation, Texas would be the 10th largest oil-producer in the world

Rank Country Oil Production in July (Barrels/day)
1 Russia 10,052,000
2 Saudi Arabia 10,040,000
3 United States 7,487,000
4 China 4,043,000
5 Canada 3,586,000
6 Iran 3,200,000
7 Iraq 3,100,000
8 UAE 2,820,000
9 Kuwait 2,650,000
10 Texas 2,625,000
11 Mexico 2,522,000
12 Nigeria 2,400,000
13 Venezuela 2,300,000
14 Brazil 1,974,452
15 Angola 1,790,000

Source: Energy Information Administration (here and here).

As I reported last week, Texas produced 2.726 million barrels of oil per day (bpd) in September, and is on track to surpass 3 million bpd in early 2014, and then surpass 4 million bpd in the spring of 2015. With those projected increases in Texas oil output, the Lone Star State could soon surpass Kuwait, UAE, Iraq, Iran and even Canada to move up in the international oil production rankings to become the world’s No. 5 or No. 6 oil producer within the next few years.

“Saudi Texas” continues to be the shining star of The Great American Energy Boom.

3 thoughts on “Energy fact of the day: As a separate oil-producing nation, Texas would be the 10th largest oil-producer in the world

  1. Well now if that oil has a price that approximates $94/barrel for West T exas Intermeidate that means something in the neighborhood of a quarter billion dollars a day…

    That is amazing…

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