Texas is the clear leader amongst the top oil producing states in the nation and is currently responsible for nearly 50% of the nation’s oil production. But as the science and engineering behind assessing and drilling for oil and gas continues to be honed, the historically prominent producing states are watching as the newest contenders are surging ahead. Energy Ink illustrates the State of the States in a series of charts and graphs to paint a picture of those states surging ahead, and those lagging behind.
When it comes to changes in production from 2015 to 2019 (final numbers for 2019 are estimated), the clear winner is New Mexico with a 129.7% surge in production, mostly from the Permian Basin which straddles its southern and eastern borders. New Mexico has jumped three slots from 2015 when it was the 6th largest producing oil state in the nation, now sitting at number 3.
A surprising rising star in increases from 2015 to 2019 is Colorado at 92%. The D-J Niobrara gets far less attention than many other plays but is paying big dividends for Colorado. It’s 2019 production is estimated to hit 500,000 barrel a day and may very well surpass Alaska to become the 5th largest producer amongst the 50 states by 2020.
As far as ranking, California has plummeted having been the nation’s third largest producer of oil for a number of years. It now sits and 7th having shed 25% of its annual oil production since 2015. Louisiana’s 9th ranking is unchanged despite its production drops of 42%.
Of course, there are no losers here. Though Alaska is no longer the top news getter in the petroleum industry as it had been for decades in holding the number 2 slot, it is kicking out over 500,000 barrels a day.