The rapid growth of oil production from shale combined with returning GOM production have succeeded in making the United States the leading crude oil producer in the world.

The U.S. set a new record for daily oil production at 11.3 MMBOPD in August 2018, according to new data from the EIA. Thanks largely to U.S. shale, the fast-growing production from the U.S. has moved the United States ahead of both Russia and Saudi Arabia. EIA’s estimates of crude oil production from tight formations in August 2018 reached 6.2 MMBOPD, or 55% of the national total.

Source: U.S. Energy Information Administration, Petroleum Supply Monthly

U.S. crude oil production has increased significantly during the past ten years because of production from onsh...

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