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US Oil and Gas Reserves Reached Record Highs in 2017

US Oil and Gas Reserves Reached Record Highs in 2017

Jason Hopkins | Energy Investigator U.S. crude oil and natural gas reserves reached record highs in 2017, blowing past levels not seen in nearly half a century. Proved reserves of U.S. crude oil reached 39.2 billion barrels at the end of 2017, surpassing the previous record of 39 billion barrels set in 1970, according to data released […]

US Surpasses Saudi Arabia as the World’s Top Oil Producer

US Surpasses Saudi Arabia as the World’s Top Oil Producer

 By MICHAEL BASTASCH | Energy Editor . The U.S. surpassed Saudi Arabia to become the world’s largest producer of crude oil, according to preliminary estimates from the U.S. Energy Information Administration (EIA). “U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades,” EIA reported Wednesday. “In June and August, […]

The US Is Refining So Much Oil It’s Ridiculous

The US Is Refining So Much Oil It’s Ridiculous

The U.S. oil and gas boom may be slowing down, but the refining industry is booming. American refineries are taking in more petroleum than at any point in the last 25 years — refineries took in more than 17 million barrels of crude oil per day over the last four weeks, turning it into fuels and petrochemicals. […]