Sunday , June 20 2021

Texas breaks 45-year oil record by pumping 1.5 billion barrels in 2018

Texas, the epicenter of the bulk in the shale, springs with oil.

Production in Lone Star State jumped 22 percent to 1.54 billion barrels in 2018, according to a report released on Tuesday by the Association of Independent Manufacturers and Owners of Texas in Texas.

This destroys the previous Texas record of 1.28 billion barrels in 1973.

The leap in oil extraction in Texas is due to Permanent pool, the shale conservatory is located in Western Texas and New Mexico. Rapid technological improvements in drilling have made Perm one of the largest and most important oil fields in the world.

This is a grace for the economy of Texas. The report says the oil and gas industry has supported a total of 352,371 jobs in Texas last year, which is 26,706 more than 2017. an average annual salary of $ 130,706 – more than twice the average salary of the state-owned private sector.

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