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At 151,000 b/d in July 2025, crude oil production in Ohio is three times as large as it was in the middle of 2021 and is at an all-time high in data back to 1981, according to EIA’s Petroleum Supply Monthly.
Data from the Bureau of Economic Analysis shows the average age of fixed assets in the oil and gas industry increased for the tenth consecutive year in 2024, consistent with investment declining from an inflation-adjusted peak of $255 billion in 2014 to $106 billion in 2024.
The U.S. West Coast currently imports around 15%–20% of its jet fuel, but this could rise as two additional refineries are expected to close in California in the next year.
Electricity demand in Virginia has increased by 21% over the past decade, significantly outpacing the U.S. average growth of 5% during the same period.
The U.S. has historically been an importer of Nigerian crude oil, but imports have declined over the past 15 years as U.S. domestic production has increased and Nigeria’s production has fallen.
Crude oil production from a new Midland Permian well peaks at ~730 barrels per day (b/d) in the first full month of production and falls by >70% to ~200 b/d by the end of year one, according to Rystad data.
U.S. natural gas exports to Mexico reached a record 7.3 billion cubic feet per day (bcf/d) in June as Mexico’s domestic natural gas production fell to a more than 20-year low.
The U.S. exported more than 880 thousand barrels of oil equivalent per day of oil and natural gas to India in June, a 17% year-over-year increase.
The U.S. began exporting LNG from the Lower 48 states in 2016 and became the world’s largest LNG exporter within seven years.
Electric-drive vehicles, including hybrid electric, plug-in hybrid electric, and battery electric vehicles, now account for nearly 22% of U.S. light-duty vehicle sales.
