Petroleum in the United States

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Crude oil production
in barrels of oil a day (average for the month)
US oil production, imports, & exports
Oil product imports by country
US natural gas production, imports, and exports
Top 8 oil companies quarterly net income or net loss
Oil production by state 2021
US energy consumption, by source, 1776–2024. Vertical axis is in quadrillion BTU.

Petroleum has been a major industry in the United States since the 1859 Pennsylvania oil rush around Titusville, Pennsylvania. Commonly characterized as "Big Oil", the industry includes exploration, production, refining, transportation, and marketing of oil and natural gas products.[1] The leading crude oil-producing areas in the United States in 2023 were Texas, followed by the offshore federal zone of the Gulf of Mexico, North Dakota and New Mexico.[2]

The United States became the largest producer of crude oil of any nation in history in 2023.[3] Natural gas production reached record highs.[4] Employment in oil and gas extraction peaked at 267,000 in March 1982, and totaled 199,500 in March 2024.[5]

  1. ^ American Petroleum Institute, [1], accessed 20 February 2010.
  2. ^ "Crude Oil Production". www.eia.gov. Retrieved April 29, 2021.
  3. ^ Egan, Matt (December 19, 2023). "The United States is producing more oil than any country in history". CNN.
  4. ^ Kemp, John (March 3, 2024). "Record US oil and gas production keeps prices under pressure". Reuters.
  5. ^ "All Employees, Oil and Gas Extraction". Bureau of Labor Statistics. via Federal Reserve Economic Data. April 5, 2024.