Texas oil output doubles in two years, jobs follow

TEXAS – Oil output in America’s No. 1 oil-producing state continues its meteoric rise, according to the Energy Information Administration (EIA). Here are some details of oil output in "Saudi Texas" for June 2013.

Texas produced an average of 2.575 million barrels per day (bpd) of crude oil in June — the highest average daily output since May 1981.

Output increased by almost 31 percent in June 2012 from June 2013, posting the 21st straight month that the state’s oil output has increased by more than 30 percent on a year-over-year basis.

Oil production has almost doubled in the past two years, from 1.4 million bpd in June 2011 to nearly 2.6 million bpd in June 2013. The increase would have never been possible without the new oil play in Eagle Ford Shale and Permian Basin oil fields.

In mid-2009, Texas was producing less than 20 percent of America’s domestic crude oil. Texas’ share has been above 30 percent in each of the last 14 months — up to 35.8 percent of America’s crude output in June.

If Texas were considered as a separate oil-producing country, it would have been the 11th largest oil-producing nation in the world for crude oil output in April (the most recent month available for international oil production data). That’s just slightly behind No. 10 Mexico at 2.56 million bpd (Texas produced 2.465 million bpd in April).

The exponential increase in Texas’ oil production is bringing jobs and economic prosperity to the state. Every business day over the last year, almost 1,300 new jobs were created in the Lone Star State.