Advertisement

US 'Likely' Has Taken Over as World's Top Oil Producer

US 'Likely' Has Taken Over as World's Top Oil Producer

The Associated Press
Created: September 12, 2018 02:18 PM

The United States may have reclaimed the title of the world's biggest oil producer sooner than expected.

Advertisement – Content Continues Below

The U.S. Energy Information Administration said Wednesday that America "likely surpassed" Russia in June and August after jumping over Saudi Arabia earlier this year.

The agency says, however, that's based on preliminary estimates.

If those estimates are right, it would mark the first time in more than two decades that the U.S. has led in output.

U.S. production has soared in recent years because of techniques including hydraulic fracturing, or "fracking," the use of chemicals, sand, water and high pressure to crack rock formations deep below ground, releasing more oil and natural gas.

Fracking is driving a drilling boom in the Permian Basin under Texas and New Mexico.

Credits

The Associated Press

Copyright 2018 The Associated Press. All rights reserved.

Advertisement
Advertisement
Relay Media Amp

United Way 211 Program Helping Those Affected by Shutdown

Authorities ID Remains Found on Lake Superior Island

Campaigning for Stauber Starts Early in the Northland

Emergency Warming Center in West Duluth Opening Thursday Night

Key Democrat Wants Answers from EPA on PolyMet

Federal Judge Strikes Down Wisconsin Early-Voting Restrictions

Advertisement
Advertisement
Advertisement