Friday, March 20, 2026
New Mexico accounted for 50% of U.S. oil production growth in 2022- oil and gas 360

New Mexico accounted for 50% of U.S. oil production growth in 2022

Oil Price New Mexico, home to part of the Permian basin, saw the highest crude oil production growth of any U.S. state last year, with output gains of 300,000 barrels per day (bpd) accounting for half of America’s oil production increase, the Energy Information Administration (EIA) said in a report on Thursday. Total U.S. crude oil production increased by 600,000 bpd in