Texas, the epicenter of the shale boom, spills 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 Holdings.
This destroys Texas's previous record of 1.28 billion barrels set in 1973.
The shrinking of oil extraction in Texas is caused by the Peruvian pool 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 supported a total of 352,371