Global gas production is often reported in cubic meters to simplify the large volumes. This measurement converts gas production to oil production on an energy-equivalent basis. The industry standard conversion rate of 1 barrel of crude oil has the same amount of energy as approximately 6, cubic feet of natural gas. In the United States, oil and gas is measured prior to leaving the well site and passes through a series of verification measures that may include gas meters or manual checking of oil storage tank levels. In , global crude oil production totaled The Middle East is the largest regional oil producer at
U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
The Oil and Gas Industry in Energy Transitions – Analysis - IEA
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Technological innovation in drilling and production has caused rapid growth in U. One way of developing deeper insight into this rapid growth is to explore how U. This report looks at the distribution of wells by size and technology to understand these trends. The increase in the share of horizontal wells during the past decade from 3.