The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2014, according to U.S. Energy Information Administration estimated in their report released this week.
The U.S. continues to exceed both Russia and Saudi Arabia, the second- and third-largest producers, in hydrocarbon production. While the U.S. and Russia are the largest producers of total petroleum and natural gas hydrocarbon, in energy content terms, Saudi Arabia’s production, on the other hand, heavily favors petroleum.
Since 2008, U.S. petroleum production has increased by more than 11 quadrillion British thermal units (Btu), with dramatic growth in two states in particular: Texas and North Dakota.
Despite the 50% decline in crude oil prices that occurred in the second half of last year, U.S. petroleum production still increased by 3 quadrillion Btu (1.6 million barrels per day) in 2014.