Oil & Gas 360º

JULY 28, 2025

(Oil Price) – U.S. crude oil production from onshore federal lands hit a record 1.7 That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 Tcf in 2024—less than one-third of its 2005 level. million bpd over the same period. The driver?

Natural Gas

Oilfield Technology

JULY 28, 2025

According to data collected by the US Department of the Interior’s Office of Natural Resources Revenue, onshore crude oil production from federal lands reached 1.7 Most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin. million bpd in 2024, a record high.

Crude Oil

Oil & Gas 360º

MAY 5, 2025

But even in the mighty Permian Basin, which turned the United States into the worlds biggest oil producer, resources eventually deplete. produced about 5 million barrels of crude oil per day, down by half from the 1970s. Production increased from roughly 90,000 barrels of crude a day in 2005 to 1.5 million in 2019.

Oil

Oil & Gas 360º

JUNE 5, 2025

(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025.

Oil

McKinsey

JUNE 24, 2025

In addition, many of China’s largest imports from the United States, such as crude oil, midsize cars, and corn, are widely exported by other countries, too. 2 Countries’ geopolitical positions are approximated using UN General Assembly voting records between 2005 and 2022.

Exploration and Production