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...

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