Oil and Gas Production Is Booming
Last year, the oil and gas industry broke records in production and positive forecasting for December. In fact, oil production in North Dakota hit 1.4 million barrels per day. Which is a 2% increase within just one month’s time.
And you think that’s impressive? Gas jumped by 5%. All of these record-breaking metrics were attained despite the 35,000 barrels per day self-restriction placed on the industry.
And North Dakota isn’t the only case where that is happening.
Texas has been reported to be breaking the 1970s records of crude oil production. Over 25,000 new oil and gas jobs have been added. Texas has the largest gains, along with Oklahoma, New Mexico, and North Dakota.
There is no end in sight for the demand of the oil and gas industry to stop any time soon.
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