U.S. was the biggest oil producer in the world in 2014
Posted on Monday, April 20th, 2015 at 4:37 pm
Despite a significant fall in crude oil prices in the second half of 2014, the United States was still the world’s undisputed biggest producer of oil and natural gas hydrocarbon last year, the Climate Spectator revealed on April 9.
The report said the boost in production was due to the country’s aggressive exploration and drilling of shale gas and tight oil formation, specifically in the states of North Dakota and Texas. The country was able to boost its petroleum production by 3 quadrillion British thermal unit (Btu), or 1.6 million barrels per day, and its natural gas production by 5 quadrillion Btu, or 13.9 billion cubic feet per day.
On the other hand, petroleum and natural gas production in two other competing countries, Russia and Saudi Arabia, has remained unchanged for several years.
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