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The oil and gas production surge in the United States (U.S.) has analysts predicting the U.S. will lead the world’s in oil and production by the end of 2013.

Source: EIA

According to The U.S. Energy Information Administration (EIA), the United States is on pace to surpass Russia by year-end 2013. Oil production alone has increased by 34% since 2005. The U.S. is already the top producer of natural gas, and its total oil and gas production for 2013 is estimated at 22.2 MMBOEPD.

Much of the rise in production is be attributed to new operational technologies and hydraulic fracing techniques used to unlock resources that companies were historically unable to produce.

Since 2005, Russia increased its crude production by 9.5%, but has hesitated to use new methods such as fracing.. The fracing frenzy has many analysts predicting U.S. energy independence in the not too distant future. The amount of crude imports in U.S.’ total oil consumption has dropped 32% since 2007.

According to EIA, since 2008, U.S. petroleum production has increased 7 quadrillion Btu, with dramatic growth in Texas and North Dakota. They say natural gas production has increased by 3 quadrillion Btu over the same period, with much of this growth coming from the Eastern U.S. Additionally, EIA reports Russia and Saudi Arabia each increased their combined hydrocarbon output by about 1 quadrillion Btu over the past five years

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.