Domestic Production

In 2008 the United States Geological Survey mapped the Bakken Reserve in South Dakota and Montana and confirmed that the domestic crude oil discovery there contained more than 5 billion barrels of recoverable crude oil, increasing domestic proven reserves by 25%. In addition, the Jack-2 discovery in the Gulf of Mexico, also in 2008, added another estimated 3 billion barrels. In the one year of 2008 domestic recoverable crude oil reserves increased by more than 33%.

U.S. oil and gas production, the third highest in the world, comes from over 850,000 wells across 33 states. Nearly 300,000 workers are involved in oil and gas production activities. Each individual well may contribute only a small amount of oil or gas, and the amount from each well inevitably declines over time. Technology allows the industry to extend the producing life of individual wells, making the most of our known resources. Improvements in technology allow the industry to find and economically recover a greater number of oil and gas deposits. These undiscovered resources will contribute to U.S. supplies of oil and natural gas for several decades, allowing the industry to assure that consumers have the energy demanded for heat, light, motor fuels and the many other products.