The US remains the world’s top producer of petroleum and natural gas hydrocarbons in 2015.
According to data from the EIA, US production for both products first surpassed Russia in 2012, and the US has been the world’s top producer of natural gas since 2011, and the world’s top producer of petroleum hydrocarbons since 2013.
In 2015, crude oil and lease condensate accounted for around 60% of the total petroleum hydrocarbon production.
Despite low crude oil prices and a 60% drop in the number of operating oil and natural gas rigs, US petroleum supply still increased by 1 million barrels per day in 2015.
These increases in petroleum and natural gas production over the years can be directly attributed to production from tight oil and shale gas formations.