Number of oil rigs in the U.S. by region June 2019
As of 2019, the region with the largest number of oil and gas rigs in the United States was the Permian region, with 452 different rigs. The region with the second largest number of oil and gas rigs at that time was Eagle Ford with just 68 rigs. Due to new hydraulic fracturing (fracking) and drilling technology, the U.S. can utilize more of its domestic oil resources and import less.
Oil and Gas Industry in the U.S.
The U.S. is the world’s leading oil-producing country as of 2018, followed by Saudi Arabia. Within the U.S., the amount of oil produced has increased significantly in recent years. In a push to decrease trade deficits, President Donald Trump has made strides to increase domestic production of oil and oil exports.
Oil Exports Worldwide
In 2015 the U.S. lifted a longtime ban on the exports of crude oil from the U.S. Since that time, the amount of oil exported from the U.S. has increased significantly. 2017 saw the largest amount of oil exports from the U.S. in recent history. In 2017 the largest oil exporters globally included the U.S., Middle East, and Canada. Despite the increase in oil production and the U.S.’s ability to export oil, the U.S. still imports a significant amount of crude oil. U.S. crude oil imports are expected to continue increasing for the next several decades.
Oil and Gas Industry in the U.S.
The U.S. is the world’s leading oil-producing country as of 2018, followed by Saudi Arabia. Within the U.S., the amount of oil produced has increased significantly in recent years. In a push to decrease trade deficits, President Donald Trump has made strides to increase domestic production of oil and oil exports.
Oil Exports Worldwide
In 2015 the U.S. lifted a longtime ban on the exports of crude oil from the U.S. Since that time, the amount of oil exported from the U.S. has increased significantly. 2017 saw the largest amount of oil exports from the U.S. in recent history. In 2017 the largest oil exporters globally included the U.S., Middle East, and Canada. Despite the increase in oil production and the U.S.’s ability to export oil, the U.S. still imports a significant amount of crude oil. U.S. crude oil imports are expected to continue increasing for the next several decades.
