Texas | January 25, 2019

U.S. Set to Eclipse “Two Closest Rivals” for Oil Production

The future looks bright for the Lone Star State’s energy sector, judging by a new forecast. Global research firm Rystad Energy says the U.S. will produce more oil and liquids than Russia and Saudi Arabia combined by 2025.

“The United States, having regained its position as the world’s top liquids producer in 2014, is poised to accelerate into a league of its own over the next six years and eclipse the collective output of its two closest rivals by 2025,” said Rystad Energy partner Artem Abramov.

Historically, the U.S., Russia and Saudi Arabia have consistently switched places atop the global list of liquid producers. But lately, says Rystad, market-driven U.S. oil activity and production has generated significant momentum.

The firm says that growth in U.S. liquids production will be driven by major shale basins such as the Permian in parts of Texas and New Mexico.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).