It’s been a while since the US emerged as the largest oil and gas producer in the world, producing more than 12 million barrels per day, surpassing longtime leaders, Russia and Saudi Arabia. The American oil and gas industry is now growing remarkably, opening a floodgate of opportunities for qualified investors to grow their wealth and diversify their portfolios. Having said that, as an investor, you should know where to look for the best possible opportunities, which brings in the need for an oil and gas investment expert such as Main Oak Capital. To help you get started, in this blog post, we list the top five oil and gas producing states in the US. Take a look.
1. Texas
Texas has been an undisputed leader in oil and gas production in the US, which also explains the ever increasing number of oils and gas opportunities in Texas. Over the years, the state has had a steady growth in production volume, producing about 1,782,009 barrels a day in 2021.
2. North Dakota
Second in line, and by a significant margin, is North Dakota, but it has had a steady increase in production over the years. Compared to 2013, when the state produced about 312,294 barrels a day; in 2021, the production grew to 431,241 barrels a day.
3. New Mexico
New Mexico is arguably the leader when it comes to the rate of increase in the production registered by oil and gas producing states in the US. In 2013, the state was producing a humble 102,789 barrels a day, which has grown to an impressive 379,226 barrels a day in 2021.
4. Colorado
The next in the list is Colorado. While it is still far behind New Mexico in terms of production, the growth rate of oil and gas drilling projects has been remarkable. In 2013, the state produced just 66,222 barrels a day, which , as of 2021, has increased to 165,093 barrels a day.
5. Alaska
While Alaska might be past its prime when it comes to oil and gas production, it still has enough reserves to make it to the top five oil and gas producing states in the US. As of 2021, the oil and gas drilling projects in the state have a collective yield of 163,852 barrels a day.
Wrap Up
In the light of the growth shown by almost all oil and gas producing states in the US, it would be safe to say that the time couldn’t be more opportune for qualified investors to take a plunge into the domain. Having said that, it is extremely important to have an expert on your side that can guide you in the right direction. That’s when you need a trusted energy investment company such as Main Oak Capital. To learn more about the various oil and gas investment opportunities we can deliver, contact us for a no-obligation consultation. Simply call (972) 544-1645 or email at info@mainoakcapital.com. You can also fill out our contact form and we’ll get back to you as soon as possible.
