Oil and gas production to break records

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Alex Mills is the former President of the Texas Alliance of Energy Producers.

Even though President Joe Biden’s regulatory agencies continue to throw road blocks in the path of American oil and gas producers, the industry continues to respond positively to global and domestic markets and it is on a path to set records in 2022 and 2023.

U.S. oil production in November, the most current figures available, increased 5% over November 2021 from 11,790 million barrels of oil per day to 12,375, according to the U.S. Energy Information Administration (EIA).

Natural gas production increased 3.7% in November over the same period last year from 118,174 million cubic feet per day to 122,574.

Of course, Texas was the leading producer of both crude oil and natural gas in November (5,210 million barrels per day for oil and 31,831 million cubic feet per day for natural gas), according to EIA.

 

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