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by Karen Boman | Rigzone Staff | Monday, April 16, 2012

Texas Oil and GasGrowing U.S. crude oil production has placed the nation within spitting distance of the world’s largest producers, Saudi Arabia and Russia, and has made the U.S. more significant on the world energy stage than Iran, China, Iraq or Venezuela.

The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 million barrels of oil per day (MMbopd) in the next few years, thanks to Eagle Ford shale, Permian Basin fields and other plays, said Texas Railroad Commissioner Barry Smitherman.

“We’ve been blessed with abundant natural resources such as oil, natural gas, coal, uranium and wind,” Smitherman told attendees at The Texas Tribune’s Energy and the Environment Symposium, held at the University of Houston on April 13. Read more…

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