US Oil Production and Supply

Three areas supply almost three-quarters of the country's crude. Texas made 5.761 million barrels a day in 2025, New Mexico 2.205 million and the federal offshore Gulf of America 1.942 million, together 72 percent of 13.662 million. Between 2020 and 2025 Texas and New Mexico added 2.085 million barrels a day, 90 percent of the national increase, and New Mexico overtook the federal Gulf in 2024. Older producing areas show the other side: Alaska and California were at 20 and 22 percent of their record months in July 2026.

Because the Permian Basin lies under much of the two largest rows, national statistics depend heavily on how two state agencies report. That is why the state guide spends a section on the Texas Railroad Commission's two numbers, the oil-well figure and the total with condensate, and on how the EIA's Form EIA-914 survey of about 375 operators estimates the months the state has not finished counting.

Production is one line of a balance that also includes imports, exports, refinery gain and stock changes. The national guide rebuilds that balance for 2025 and separates three definitions of a net exporter, because the answer to whether the country is one depends on whether crude only, crude and products, or all petroleum liquids are counted. Product supplied, the EIA's demand proxy, is derived from the balance and not measured at the pump, which is why it can mislead in a single week.

Two other pieces of the system sit outside production. Imports from Persian Gulf countries fell to 490 thousand barrels a day in 2025, under 8 percent of crude imports, and to 113 thousand in June 2026, which is the small physical exposure behind the large price exposure described in the Hormuz guide. Exports of crude reached 3.96 million barrels a day in 2025, a flow that matters when a release of oil from the reserve enters the market.

The Strategic Petroleum Reserve held 282.7 million barrels on October 16, 2026, down 132.4 million from March 27 under a series of Department of Energy exchanges. These are loans repaid in barrels with a premium, which DOE puts at 24 to 26 percent in its announcements, not sales. The fastest weekly decline in the series, 9.92 million barrels in the week ending May 15, was a daily rate equal to 32 percent of the reserve's nominal maximum drawdown rate.

A level of the reserve is only meaningful against a denominator. At gross crude imports of 6.168 million barrels a day in 2025, the October 16 stock is 46 days; at net imports it is 128 days; at refinery input it is 17 days. The reserve guide shows all of these side by side, and notes that DOE's own published cover in days and the EIA series do not use the same denominator.