Posted August 4, 2014
The 10 Most Oil-Rich States
USA Today: The U.S. energy industry is booming. As new technologies make oil easier and more affordable to extract, the United States is poised to become the world's leading oil producer as soon as 2015, according to a 2013 study by the International Energy Agency. At the same time, proven oil reserves — the estimated quantities of oil that can be extracted under existing conditions — have also risen. In 2012, the U.S. had more than 30.5 billion barrels of proven oil reserves, up 15% from the year before.
Ten states accounted for nearly 80% of the U.S. proven oil reserves as of the end of 2012. Texas was the state with the most proven reserves, totaling more than 9.6 billion barrels of oil, or close to a third of all U.S. reserves. Based on the U.S. Energy Information Agency (EIA) data on proved oil reserves, these are the most oil-rich states in the country.
Unsurprisingly, the states with the highest totals of proven reserves are also among the states producing most oil. Of the 10 most oil-rich states, all but one were also among the states with the most production activity as of 2013. Together, these 10 states accounted for more than 2 billion of the 2.7 billion barrels of oil produced last year. Offshore drilling, not attributable to any state, accounted for much of the production not coming from these states.
Read more: http://usat.ly/1osdTUu
More industry news:
Opinion: Denton Fracking Ban Could Lead to a Crippled Texas Economy: http://bit.ly/1khB18E
Wolfcamp Shale to See $12 Billion Worth of Investments This Year: http://bit.ly/1sndwuY
Pennsylvania Reaps Natural Gas Benefits: http://bit.ly/1s5IIRZ
Guest Column: Natural Gas Use Helps Cut Carbon Emissions: http://on.flatoday.com/Xygm67
Good News on the LNG Front: http://bit.ly/1pUe4oy
Opinion: Time to Move Forward on Keystone XL Pipeline: http://bit.ly/1p5s3LR
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.