Friday, November 22, 2024

Texas Produces More Natural Gas than any OPEC Country

Texas crude oil production beats all but OPEC’s three largest producers

Information from the American Petroleum Institute (API) shows that Texas produces more dry natural gas than any OPEC nation. On a global scale, the only country that beat dry gas production in Texas was Russia, which was ranked second in natural gas production behind the United States as a whole.

Texas
Data: American Petroleum Institute Graph: OAG360

Crude oil production from the Lone Star State also outstripped most countries ranked in the API data, placing the state 8th in overall global production. The 3,140 MBOPD being produced by Texas was only surpassed by OPEC’s three largest producers, Saudi Arabia, Iraq and Iran, and other major oil producing countries like Russia, China and Canada.

Texas
Data: American Petroleum Institute Graph: OAG360

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