U.S. surpasses 12 million barrels a day, EIA reports
WASHINGTON – U.S. oil production surpassed 12 million barrels a day in April, further extending the nation’s record output during the fracking boom, the U.S. EIA reported Monday.
“The U.S. onshore crude oil production increase is driven mainly by developing low permeability (tight) formations using horizontal drilling and hydraulic fracturing. EIA estimates that crude oil production from tight formations in April 2019 reached 7.4 million b/d, or 61% of the U.S. total,” the report read.
Texas alone produced almost 5 million barrels a day in April, up more than 25 percent from the beginning of 2018. And much of that growth has come in the Permian Basin, an aged oil field revived by new drilling technology.
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