of U.S. Oil and Gas Production Presented by:

 According to the International Energy Agency, U.S. oil production rose by a record 992,000 barrels a day in 2013 to 7.5 million barrels per day.  This is the highest U.S. oil production level since Source: Fuel Fix

 Natural gas is fueling a manufacturing boom in the U.S., producing tens of billions of dollars in new plant and equipment investment and bringing tens of thousands of well-paying jobs back from overseas.  IHS estimates that by 2025, as much as $100 billion will be invested in new manufacturing facilities in the U.S.

1. Texas – 83,919* 2. North Dakota – 29, California – 16, Alaska – 16, Oklahoma – 9, New Mexico – 8, Louisiana – 5, Wyoming – 5, Colorado – 5, Kansas – 3,728 *Thousand barrels

1. Texas – 7,475,495* 2. Louisiana – 2,955, Pennsylvania – 2,256, Oklahoma – 2,023, Wyoming – 2,022, Colorado – 1,709, New Mexico – 1,215, Arkansas – 1,146, West Virginia – 539, Utah – 490,393 *Million cu foot

 36% of U.S. oil production comes from Texas.  Texas’ daily output of oil has doubled in the last 29 months.  As of March 7, Texas accounts for over 1 in 2 of all oil rigs in the U.S. and almost 1 in 4 for every rig around the world. 1 in 4 of the world’s oil rigs are in Texas 1 in 10 of the world’s oil rigs are in the Permian Basin 1 in 20 of the world’s oil rigs are in the Eagle Ford

1. United States 2. Saudi Arabia 3. Russia 4. China 5. Canada 6. Iran 7. United Arab Emirates 8. Iraq 9. Brazil 10. Mexico …it would be the No. 9 producer of oil in the world. Texas is on pace to surpass Iran, Iraq and the United Arab Emirates to become the sixth-largest oil producing nation by 2015.

 According to a 2013 report from IHS, unconventional oil & gas production directly supported more than 2.1 million American jobs in  IHS predicts this figure will grow to 3.3 million jobs by Source: IHS Model of the U.S. Economy

 In 2012, unconventional oil & gas production contributed nearly $75 billion in federal and state tax revenues and $283 billion to the U.S. gross domestic product (GDP).  IHS projects these figures to double by 2020 to more than $125 billion in federal and state tax revenues, and more than $468 billion in annual contributions to GDP.

 In 2012, average real disposable income per household increased by more than $1,200 as a result of oil and gas development.  By 2020, average household savings will grow to $2,700 annually and more than $3,500 by 2025.

 Between 2012 and 2025, IHS estimates that capital expenditures for the upstream industry will reach over $2.4 trillion.  At the same time, midstream and downstream energy will generate over $216 billion and energy- related chemicals will add more than $129 billion.

 Natural gas production is expected to increase 56% between 2012 and 2040 to 37.6 trillion cubic feet (Tcf).  Natural gas is expected to overtake coal as the largest share of U.S. electric power generation by 2040.

 The U.S. Energy Information Administration (EIA) has predicted that U.S. crude oil production will increase to 8.5 million barrels per day in 2014 and 9.3 million barrels per day in  The 2015 forecast would mark the highest annual average level of production for the U.S. since 1972.

1. Saudi Arabia 2. United States 3. Russia 4. China 5. Canada 6. Iran 7. United Arab Emirates 8. Iraq 9. Brazil 10. Mexico 2012, U.S. Energy Information Administration

 The U.S. Commerce Department recently reported that U.S. monthly trade deficit has reached a four-year low due to a $2.5 billion drop in imported oil, made possible by the domestic oil boom.  Crude imports were down by almost $40 billion during the first 11 months of  By 2020, the shale boom is expected to lower the trade deficit by one-third as energy imports continue to decline.  This has led some to predict that North America could be energy independent by 2020 and spurred conversations on whether the U.S. should lift its export ban on oil.

“Seventy percent of the shales in the world were drilled in the United States. The potential of the oil and gas industry is vast. We can become energy independent.” –Mike Flores, CPL, AAPL Meet Us Campaign

According to the EIA, the United States will likely become the world’s largest producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia.

 Since 2008, U.S. petroleum production has increased 7 quadrillion Btu. Natural gas production has increased by 3 quadrillion Btu.  In comparison, Russia and Saudi Arabia each increased their combined hydrocarbon output by only 1 quadrillion Btu during the same time frame. Source: U.S. Energy Information Administration