U.S. onshore oil production soars to record highs
Oil & Gas 360º
JULY 28, 2025
The driver? An explosion of activity in New Mexico’s portion of the Permian Basin, where leasing, permitting, and drilling have surged in recent years. Natural gas tells a slightly different story. trillion cubic feet (Tcf) of natural gas in 2024, up from 3.2 million bpd over the same period. Tcf in 2020.
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