US Crude Oil Production Grows 5.6% in 2022, Led by Texas and New Mexico
U.S. crude oil output increased by 5.6%, or 0.6 million barrels per day (b/d), from 2021 to 2022, average 11.9 million b/d. Texas and New Mexico, the two states that make up the Permian Basin, contributed most to the increase in U.S. crude oil output in 2022. Oil production in these two states is dominated…