U.S. oil and gas industry - Statistics & Facts

The United States has been producing oil and gas since the 1850's and 1820's respectively. In 2018, the U.S. produced 669 million metric tons of oil and 832 billion cubic meters of natural gas. As of 2018, it has the world's ninth-largest oil reserves and fifth-largest natural gas reserves. Notably, the U.S. is both the world's largest oil consuming nation and the world's largest natural gas consuming nation, consuming nearly 919.7 million metric tons of oil in 2018 and 29.95 trillion cubic feet of natural gas in 2018.

Texas is one of the United States' leading oil producing states. The Eagle Ford Shale Play, located in Texas, is one of the most actively drilled targets for unconventional oil and gas. There were 68 oil rigs in the Eagle Ford region as of mid 2019. Texas is also the leading natural gas producing state in the U.S., though Pennsylvania, the second-largest gas producing state contains the Marcellus Shale Area along with West Virginia, which has the highest number of gas rigs in the country.

Due to the relatively high cost of oil and gas production in the U.S., the recent oil glut has been problematic for many U.S.-based production projects. However, technological advances have meant that shale oil and gas projects in the U.S. are increasingly viable, to the extent that shale oil production accounts for over half of the crude oil production in the U.S. as of 2018. This has caused the U.S. to become the world's largest oil producer as of 2018, when it produced three million barrels of oil per day more than Saudi Arabia. This impacts the U.S. economy as well as U.S. energy security.

Interesting statistics

In the following 7 chapters, you will quickly find the 34 most important statistics relating to "U.S. oil and gas industry".

United States oil industry

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "U.S. oil and gas industry" and take you straight to the corresponding statistics.

Economic impact

Top companies


Interesting Statista reports

  • Statista Toplist


Get in touch with us. We are happy to help.

Statista Locations
ContactEsther Shaulova
Esther Shaulova
Operations Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)