US Oil and Gas Production and the Shale Revolution, 2000 to 2023
Crude oil output rose 159% from 5 million barrels a day in 2008 to 12.9 million in 2023, and natural gas output rose 88% from 2009.
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Crude oil output rose 159% from 5 million barrels a day in 2008 to 12.9 million in 2023, and natural gas output rose 88% from 2009.
The United States led at 12,927 thousand barrels per day, and Texas alone, at 5,512, out-produced every country except Russia and Saudi Arabia.
The world produced 82,757 thousand barrels per day.
China bought 4,057 million barrels of crude that year, about 11.1 million barrels a day.
The ratio peaked around 2008, hit its low in April 2020 with gold at $1683 an ounce and oil at $21 a barrel, and stood 30% below its 1960s level in 2024.
Global natural gas production was about 392.7 billion cubic feet a day in 2023, roughly 4,060 billion cubic metres a year, and reached 4.34 trillion cubic…
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