Texas Leads Nation in Oil & Gas Production with Big Increase in Permian Basin Drilling and Solid Increase in Eagle-Ford Basin

摘要

When the revolution in oil fracking technology supercharged the oil & gas industries in states like North Dakota, Pennsylvania and Ohio several years ago, it was perhaps too easy to look past what historically has been the nation's leader in oil & gas. No more. While the Williston Basin in North Dakota's Bakken region and the Marcellus Shale region of Pennsylvania, Ohio, New York and West Virginia have been slow to recover from decline in the oil & gas industry due to overcapacity and low oil & gas prices, Texas has bounced back strong and enjoyed a surge in drilling activity over the past year, particularly in the Permian and Eagle Ford Basins. These two regions in south and west Texas now account for 68% of all oil production and 25% of natural gas drilling in the United States. At 39%, the Marcellus shale region remains the leader in natural gas production.