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Texas to Lead In The World of Oil Production

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Eagle Ford, Permian fueling ‘greatest comeback story’

By Jennifer Hiller San Antonio Express-News

SAN ANTONIO — By the end of this year, Texas’ oil production could exceed the output of every OPEC country but Saudi Arabia.

The state’s production, driven mainly by the Eagle Ford Shale in South Texas and Permian Basin in West Texas, will reach about 3.4 million barrels per day, propelling Texas past Iraq and Iran, said Greg Leveille, manager for technology program-unconventional reservoirs at ConocoPhillips.

Among non-OPEC countries, only Russia, the United States as a whole, China and Canada would exceed Texas’ oil production, making the state the world’s sixth-largest producer.

“This is the greatest comeback story you can possibly imagine,” Leveille said this week at the Eagle Ford Consortium conference here.

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