Austin, TX (PRWEB) September 12, 2013
After many years of rising oil prices, America's contribution to the world's crude oil production is starting to have a significant impact on worldwide prices. According to Dr. Mark J. Perry, Texas’ daily oil output has doubled in just a little more than two years, averaging 2.525 million barrels per day in Summer 2013, the highest daily output the state has experienced since April 1982. This new surge in growth has caused OPEC nations of the world to begin to lose their control over oil prices (source: Forbes, August 7th, 2013 http://Ez.com/ForbesTexasOil).
This U.S. oil boom is growing fast, and the world is starting to take notice. As Blake Clayton, a Fellow of the Energy and National Security Council on Foreign Relations puts it, "The tidal wave of oil coming out of the United States helped to quench the market's thirst. Tremendous increases in energy efficiency in the United States and Europe are helping to soften the market." By the end of 2013, when Texas’s daily production is likely to exceed 3 million barrels per day, Texas would likely rank 9th on the list of the top oil-producing nations (that's a jump from 14 in February 2013) (source: CNN Money, June 19th, 2013 http://Ez.com/CNNUSOilPrice).
This strong growth in oil production mainly came from Texas' Eagle Ford Shale and other shale plays like the Wattenberg in Colorado. U.S. oil production growth continues to rise due to the advancement of oil & natural gas drilling technology, including hydraulic fracturing (also known as "fracking"), which has helped tap oil from previously inaccessible formations.
As this U.S. energy boom continues to expand, big money is flowing into the U.S. oil market from all around the world. Companies like Carson Energy are working with their partners to take advantage of this exciting oil boom time. Carson and its partners are able to identify oil & natural gas "hot spots" using cutting edge 3D seismic technology.
To learn more, visit http://www.CarsonEnergy.com. Carson Energy is an experienced oil and gas company incorporated in 1983 that concentrates on medium risk & high potential oil and gas opportunities in Texas, Louisiana, Colorado and over a million acres in Australia.