U.S. Crude Oil Facts and Statistics

Reserves

  • U.S. proved oil and condensate reserves totaled 19.121 billion barrels (bbls) in 2008, down 10.3% from the 2007 figure. The 2007 number had risen 1.6% from the 2006 figure, which had fallen 3.6% from 2005ís level.
  • As of 2008, the top 10 states/areas for proved oil reserves in the U.S. include Texas (4.555 billion bbls); Alaska (3.507 billion bbls); the Federal waters of the Gulf of Mexico (3.388 billion bbls); California (2.705) billion bbls); New Mexico (654 million bbls); Oklahoma (581 million bbls); North Dakota (573 million bbls); Wyoming (556 million bbls); Louisiana (388 million bbls); and the Federal waters of the Pacific (357 million bbls).
  • U.S. proved oil reserves are now at 49% of the all-time high of 39.001 billion bbls in 1970.
  • According to the U.S. Dept. of Energy, significant increases in oil reserves occurred during 2008 in Mississippi (+24.5a%, AT 249 million bbl); North Dakota (+18.9%, at 573 million bbl); Kansas (+18.0%, at 243 million bbl); Oklahoma (+9.6%, at 581 million bbl); and the Federal waters of the Gulf of Mexico (+2.0%, at 3.388 billion bbl).

Production

 
  • In 2009, the U.S. produced 5.361 million barrels per day (bpd), up 8.3% from the 2008 figure. Previously, U.S. output was down 2.2% in 2008, at 4.956 million bpd. However, if not for a brief disruption in September caused by Hurricane Ike, the 2008 average would have increased from 2007ís level (5.064 million bpd). In 2007, output was 0.7% lower than in 2006 (5.102 million bpd).
  • At current output rates, the U.S. has about 10 years of production available from existing proved reserves.
  • The top 10 oil-producing states/areas in the U.S. during 2009 included the Federal waters of the Gulf of Mexico (1.559 million bpd); Texas (1.106 million bpd); Alaska (645,000 bpd); California (567,000 bpd); North Dakota (218,000 bpd); Louisiana (189,000 bpd); Oklahoma (184,000 bpd); New Mexico (168,000 bpd); Wyoming (141,000 bpd); and Kansas (108,000 bpd).
  • Across the U.S., the number of actively producing oil wells during 2008 was 526,000, unchanged from the 2007 figure.
  • Over the last 20 years (since 1990), the number of U.S. oil-producing wells has fallen 12.6%.
  • During the last 20 years, average oil well productivity has fallen 17.2%, to 10.1 bpd per well. However, in 2009, there actually was an increase in productivity per well, to 10.1 bpd from 9.4 bpd in 2008. This is the first increase since 2003.

Consumption

  • U.S. oil consumption (total products supplied) in 2009 was 18.771 million bpd, down 3.7% from the 2008 figure of 19.498 million bpd. Most of this decline can be traced to the deep recession that began in the back half of 2008. This was the lowest oil usage average since 1997's 18.620 million bpd.
  • About 54% of finished petroleum products in 2009 were accounted for by motor gasoline. The next largest share (21.8%) was taken by distillate fuel oil, followed by kerosene-type jet fuel (8.5%).
  • During 2008, California (984,320 bpd) led the nation in motor gasoline consumption, followed by Texas (775,713 bpd); Florida (534,579 bpd); New York (366,683 bpd); Pennsylvania (327,115 bpd); Ohio (326,896 bpd); Illinois (322,432 bpd); Georgia (310,770 bpd); North Carolina (305,240 bpd); and Michigan (299,027 bpd). Together, the top 10 states account for 4.553 million bpd of gasoline consumption, or 36.6% of the national total of 12.448 million bpd.
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