Who has more oil Texas or Alaska?

No, Texas has significantly more oil than Alaska, both in current production and proven reserves; Texas is the #1 U.S. producer, while Alaska ranks much lower (around 6th), though it holds substantial reserves and is a significant producer, especially from its North Slope fields like Prudhoe Bay. Texas's Permian Basin alone produces vastly more oil than Alaska.

Does Alaska or Texas have more oil?

Texas is the largest domestic producer of oil in the U.S., at 42.88%. Excluding the 28 states that do not currently produce oil, Virginia, Idaho, and Arizona each produce the smallest amount of domestic U.S. crude oil, at 0.000001%.

Which US state has the most oil?

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Texas is the US state with the most oil production, significantly leading all others, followed by New Mexico and North Dakota, with much of this output coming from the productive Permian Basin. Texas consistently produces over 40% of the nation's crude oil, holding vast reserves and a long-standing oil industry history. 

How much oil does Alaska have?

Alaska possesses significant oil resources, with nearly 3.4 billion barrels of proved crude oil reserves (as of 2024) and vast undiscovered potential, estimated to be tens of billions of barrels, particularly in areas like the North Slope and Outer Continental Shelf (OCS). While production has declined from past peaks, recent projects and exploration suggest potential for renewed growth in output, though figures vary by assessment area and year. 

What are the top 3 oil-producing states?

The top 3 U.S. oil-producing states consistently are Texas, New Mexico, and North Dakota, with Texas leading by a significant margin, followed by the booming production in New Mexico's Delaware Basin and the rich Bakken Shale in North Dakota, forming the core of American output.
 

Trump administration plans to open millions of acres in Alaska to oil drilling

Where does Texas rank in oil production?

Key Takeaways

In 2024, approximately 76% of total U.S. crude oil production came from six states, in which the oil and gas industry has been operating for decades. Texas is the largest domestic producer of oil in the U.S., at 42.88%.

Can the US produce its own oil?

The United States is one of the top crude oil producers

U.S. oil refineries obtain crude oil produced in the United States and in other countries. Different types of companies supply crude oil to the world market.

Why don't we drill for oil in Alaska?

Conservationists said that oil development would unnecessarily threaten the existence of the Porcupine caribou by cutting off the herd from calving areas. They also expressed concerns that oil operations would erode the fragile ecological systems that support wildlife on the tundra of the Arctic plain.

How much of US oil comes from Texas?

Texas: More than 1.8 billion barrels of crude oil produced, or 42.4% of total US production.

What country owns 18% of the world's oil?

Venezuela 🇻🇪 has the largest proven oil reserves in the world, ranking first ahead of countries like Saudi Arabia 🇸🇦 and Iran 🇮🇷 . Its reserves are estimated to be around 303 to 304 billion barrels, representing about 18% of the global total.

Do we have 100 years of oil left?

World Oil Reserves

The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Is there still oil in Texas?

Yes, Texas still has vast amounts of oil and is the largest oil producer in the U.S., setting production records in recent years, primarily from the Permian Basin and Eagle Ford Shale, with advanced drilling technology allowing for increased extraction from these prolific basins.
 

Who are the big 5 in oil?

The "Big 5" oil companies generally refer to the major Western integrated energy giants: ExxonMobil, Chevron, Shell, BP, and TotalEnergies, often contrasted with state-owned giants like Saudi Aramco, but these five are consistently listed as key "Supermajors" in market caps and operations, dominating global upstream (exploration/production) and downstream (refining/marketing) activities. 

Why doesn't the US use Texas oil?

Transporting U.S. oil, especially from places like Texas and New Mexico, to refineries can be costly due to pipeline issues. Importing oil from countries like Saudi Arabia or Canada is sometimes cheaper because it can be shipped directly to refineries.

Do Alaska residents still get oil money?

Yes, Alaska residents still receive annual payments, known as the Permanent Fund Dividend (PFD), from the state's oil revenues through the Alaska Permanent Fund, sharing the wealth from natural resources, though the amount varies yearly and has seen political debate over its size. 

Who owns the oil in Alaska?

Oil in Alaska is owned by a mix of private companies (like ConocoPhillips, Hilcorp, ExxonMobil), the State of Alaska, and the U.S. Federal Government (especially in the National Petroleum Reserve-Alaska), with major players like ConocoPhillips being Alaska's largest producer, developing vast federal, state, and private leases on the North Slope. 

Who owned 90% of the oil industry?

In 1882, Standard Oil Trust created a network of Standard Oil companies throughout the country, led by a board of trustees, where Rockefeller owned over one third of the certificates. By the late 1880s, Standard Oil controlled 90% of American refineries.

Why is Texas so rich in oil?

Texas is rich in oil due to vast underground geological formations, primarily the Permian Basin, that trapped enormous reserves over millions of years, combined with technological innovations like fracking and horizontal drilling that made extraction economically viable, starting with the massive Spindletop discovery in 1901 that triggered the modern oil boom. Its strategic location near the Gulf of Mexico also facilitates global export.
 

Who is the #1 producer of oil in the world?

The United States is the number one oil producer in the world, consistently leading global production of crude oil and total petroleum liquids due to advances in extraction like hydraulic fracturing, with Saudi Arabia and Russia typically ranking second and third.
 

Which state has the richest oil?

Texas is the state with the most oil, leading U.S. production by a huge margin, producing over 2 billion barrels in 2023 from basins like the Permian and Eagle Ford, significantly more than the second-place New Mexico, and holding vast reserves.
 

What is the biggest threat to Alaska?

Erosion, flooding, and permafrost degradation constitute the three most significant natural hazard threats to infrastructure in rural Alaska communities.

How much do oil rig workers make in Alaska?

As of Jan 2, 2026, the average annual pay for an Oil Rig in Alaska is $50,825 a year. Just in case you need a simple salary calculator, that works out to be approximately $24.44 an hour. This is the equivalent of $977/week or $4,235/month.

Will America ever run out of oil?

No, the U.S. isn't expected to "run out" of oil in the near future; estimates place remaining supplies in the decades to centuries range, with new technology constantly revealing more recoverable resources, though production might peak and decline in coming decades as extraction becomes more costly, with global reserves likely sufficient for future demand given technological advances. The key isn't running out entirely but managing finite resources and transitioning to other energy sources as costs rise and demand shifts. 

Who has more oil, Canada or the USA?

Yes, Canada generally has significantly larger proven oil reserves than the U.S., often ranking third globally after Venezuela and Saudi Arabia, mainly due to vast oil sands, but the U.S. is currently the world's top producer, extracting more oil daily through technologies like shale fracking, making it a huge supplier to Canada and the world. 

What is the best crude oil in the world?

The "best" crude oil is typically light and sweet, meaning low density (high API gravity) and low sulfur, making it easiest and most valuable to refine into gasoline and diesel, with Tapis (Malaysia), West Texas Intermediate (WTI - USA), and Brent (North Sea) being prime examples. However, "best" depends on the refinery's goal; some heavy crudes (like Venezuelan) are great for asphalt, while others (like West African) yield more diesel, but generally, Tapis is top-tier for its extreme lightness and sweetness.