The Korea Herald

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[Graphic News] U.S. is world’s largest oil and gas producer

By Korea Herald

Published : April 8, 2015 - 20:08

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The United States expanded its lead as the world’s largest producer of oil and natural gas last year as output from fracking fields surged, the U.S. Department of Energy reported Tuesday.

While hydrocarbon production in Russia and Saudi Arabia remained relatively flat, U.S. output, by the British thermal unit measure of energy content, gained about 10 percent to nearly 55 quadrillion Btu last year.

That increase represented a 1.6 million barrel rise in daily crude production and a 13.9 billion cubic foot rise in daily natural gas production. U.S. output now stands at about double that of Saudi Arabia.