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The recent gusher of unconventional oil being produced in the Eagle Ford Shale and Permian Basin areas of Texas, thanks to breakthrough drilling technologies, has recently pushed the Lone Star State鈥檚 share of domestic crude oil above 30%.</span> <span id='quoteauthor'>Source: AEI Ideas</span>", ], numQuotes: 4, fadeDuration: 2, fadeoutDuration: 0, delay: 5, quotesInit: function(){ if (this.numQuotes < 1){ document.getElementById('quoterotator').innerHTML="No Quotes Found"; } else { this.quoteRotate(); setInterval('quoteRotator.quoteRotate()', (this.fadeDuration + this.fadeoutDuration + this.delay) * 1000); } }, quoteRotate: function(){ jQuery('#quoterotator').hide().html(this.quotes[this.i - 1]).fadeIn(this.fadeDuration * 1000).css('filter','').delay(this.delay * 1000).fadeOut(this.fadeoutDuration * 1000); this.i = this.i % (this.numQuotes) + 1; } } </script>   <meta name="description" content="5 states - Texas, North Dakota, California, Alaska, and Oklahoma - and the Gulf of Mexico produce more than 80% of U.S. crude oil."/> <meta name="keywords" content="us crude oil production, oil production, texas oil production, north dakota oil production, oklahoma oil production, california oil production, alaska oil production, gulf of mexico oil production,energy information administration (eia),investing in texas oil,oil production,permian basin,texas oil production,u.s. oil production"/> <link rel="canonical" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/five-states-and-the-gulf-of-mexico-produce-more-than-80-of-u-s-crude-oil/"/>   <link rel="stylesheet" href="https://web.archive.org/web/20140510232051cs_/http://www.arescotx.com/wp-content/plugins/easy-columns/css/easy-columns.css" type="text/css" media="screen, projection"/>  <style type="text/css" id="ubermenu-style-generator-css"> /* Image Text Padding */ #megaMenu .ss-nav-menu-with-img > a > .wpmega-link-title, #megaMenu .ss-nav-menu-with-img > a > .wpmega-link-description, #megaMenu .ss-nav-menu-with-img > a > .wpmega-item-description, #megaMenu .ss-nav-menu-with-img > span.um-anchoremulator > .wpmega-link-title, #megaMenu .ss-nav-menu-with-img > span.um-anchoremulator > .wpmega-link-description, #megaMenu .ss-nav-menu-with-img > span.um-anchoremulator > .wpmega-item-description{ padding-left: 23px; 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Production in the Permian Basin has been the driving factor behind this substantial increase.</p> <p>North Dakota’s Bakken Shale area is also a major producer in U.S. oil production with a 12% share overall.<span id="more-3654"></span></p> <p>The following chart is from the U.S. Energy Information Administration and shows how 5 states – Texas, North Dakota, California, Alaska, and Oklahoma – and the Gulf of Mexico produce more than 80% of U.S. crude oil.</p> <p><a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/five-states-and-the-gulf-of-mexico-produce-more-than-80-of-u-s-crude-oil/us-crude-oil-production-chart-2014-03-31/" rel="attachment wp-att-3655"><img class="aligncenter size-full wp-image-3655" alt="us-crude-oil-production-chart-2014-03-31" src="https://web.archive.org/web/20140510232051im_/http://www.arescotx.com/wp-content/uploads/us-crude-oil-production-chart-2014-03-31.png" width="687" height="453"/></a></p> <p>Investing in energy can provide decades of passive income and strong ROI potential. With oil consistently near or above $80 per barrel over the past four years, direct participation in oil and gas is a great way for partners to potentially benefit from returns that outpace most market-based investments. But there鈥檚 more to the story than the price of oil. Improved technology and the shift to developmental, infield drilling in both proven conventional fields and unconventional shale have changed the dynamics and lowered the risk of investing. The combination of high-energy prices and improved success rates sets the stage for strong investment performance.</p> <p>If you’d like to learn more about investing in energy, give us a call or request more info <a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/contact-us/">here</a>.</p> <p><b><a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/aresco-lp-announces-divestment-of-nine-east-texas-eagle-ford-shale-wells/">previous post: Aresco LP announces divestment of nine East Texas Eagle Ford Shale wells</a></b></p> <p><b><a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/new-study-backs-future-crude-oil-exports-from-the-gulf-coast/">next post: New study backs future crude oil exports from the Gulf Coast</a></b></p> </div> <div id="sidebar"> <p class="titles">Recent News</p> <ul> <li> <a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/mexicos-eagle-ford-gain-to-reap-texas-reward/">Mexico鈥檚 Eagle Ford Gain to Reap Texas Reward</a> </li> <li> <a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/unconventional-processes-are-driving-permian-basin-riches/">Unconventional Processes are Driving Permian Basin Riches</a> </li> <li> <a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/new-study-backs-future-crude-oil-exports-from-the-gulf-coast/">New study backs future crude oil exports from the Gulf Coast</a> </li> <li> <a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/five-states-and-the-gulf-of-mexico-produce-more-than-80-of-u-s-crude-oil/">Five states and the Gulf of Mexico produce more than 80% of U.S. crude oil</a> </li> <li> <a href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/aresco-lp-announces-divestment-of-nine-east-texas-eagle-ford-shale-wells/">Aresco LP announces divestment of nine East Texas Eagle Ford Shale wells</a> </li> </ul> <style scoped type="text/css">.utcw-b1fq2ep {word-wrap:break-word}.utcw-b1fq2ep span,.utcw-b1fq2ep a{border-width:0px}.utcw-b1fq2ep span:hover,.utcw-b1fq2ep a:hover{border-width:0px}</style><p class="titles">Tag Cloud</p><div class="utcw-b1fq2ep tagcloud"><a class="tag-link-43" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/bakken-shale/" style="font-size:10px" title="1 topic">Bakken Shale</a> <a class="tag-link-35" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/barnett-shale/" style="font-size:10px" title="1 topic">Barnett Shale</a> <a class="tag-link-20" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/brandon-laxton/" style="font-size:10px" title="1 topic">Brandon Laxton</a> <a class="tag-link-7" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/crude-oil-prices/" style="font-size:10px" title="1 topic">Crude Oil Prices</a> <a class="tag-link-39" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/domestic-oil-production/" style="font-size:11.6666666667px" title="2 topics">Domestic Oil Production</a> <a class="tag-link-5" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/drilling-technology/" style="font-size:23.3333333333px" title="9 topics">Drilling Technology</a> <a class="tag-link-10" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/eagle-ford-shale/" style="font-size:30px" title="13 topics">Eagle Ford Shale</a> <a class="tag-link-33" href="https://web.archive.org/web/20140510232051/http://www.arescotx.com/tag/eagle-ford-shale-production/" style="font-size:13.3333333333px" title="3 topics">Eagle Ford Shale Production</a> <a 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